Basically, the response by supermarkets to Wal-Mart was slow, observers said. “Wal-Mart was creating competition during the years it was growing discount stores into supercenters, but other retailers didn’t always recognize it or they were slow to react,” Rand pointed out. “And by the time supermarkets recognized the competitive threat the supercenters posed, there were a lot of them.” Though Wal-Mart has been around for a half-century, its impact grew ...

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