Quote:
Originally posted by quadro2000
I have to agree with Ratbastid that Walmart will win out on this one. As for Walmart competing with Target, as I understand it, Walmart deliberately placed their stores outside of urban areas, therefore making them accessible to people who didn't live directly in a big city, and making it their only viable option. There was a great article in Playboy a few months ago about the Walmart empire....they really do rule the world.
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Little doubt they will win in the short term, but Mastercard may be able to get more favorable terms than Visa caved in to.
Walmart absolutely has some innovative business practices, but, not unlike Home Depot, they are succumbing to competition. In years to come there will not be quite as much distance between them and their nearest competitor. When that shift occurs, it will be a bumpy road for Walmart (still a very profitable one but it won't be nearly as easy for them to make money) as all the people they used their hard negotiation strategy on will remember it.