Let's hope their influence is dying off a bit

No one wants to drive out to Walmart stores anymore (Click on nthis heading to read more)

Rss@dailykos.com (kos)
Monday, February 24, 2014, 2:30 pm
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Things are looking tough for our favorite corporate exploiters.
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    The world's largest retailer, which gets more than half its sales from groceries, on Thursday gave a disappointing full-year forecast. It blamed sharp cuts in food stamp benefits and higher payroll taxes that will hit disposable income for its core customers. Wal-Mart shares fell 2.2 percent in morning trading.

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Walmart helped create the low-wage economy and GOP-style anti-government corporatism that is now, ironically, biting it in its ass. But there's more to the retailer's problems than austerity cuts. Fact is, its business model is increasingly an anachronism.
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    Cold weather and a reduction in food stamp benefits aren't the only reasons behind Wal-Mart's lowered fourth-quarter forecast.
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    The big-box discounter is in need of a bricks-and-mortar makeover, analysts said. To resonate with today's shopper, Wal-Mart needs to move its stores closer to major population centers, shrink the square footage of its superstores and shutter about 100 underperforming U.S. locations, they suggest.