The Retail Revolution: How Wal-Mart Created a Brave New World of Business

This book, more than any other,has helped me to understand the retail industry. The book tells the story of retailing, with a focus on Wal-Mart. I enjoy this book so much that I've actually put aside mysteries to read this instead.The Retail Revolution: How Wal-Mart Created a Brave New World of Business

This is a most amazing history and insightful study of this retail giant. But the author goes beyond the focus on Wal-Mart in his analysis of the past, present, and obvious future of economic developments in the U.S. and throughout the world. Very enlightening, and also most frightening. Very highly recommended!!!!

I book that could make you not want to shop at Wal-Mart ever again.

If you're fond of history this book provides plenty, but it's couched in pro-union verbosity and left-leaning blame mongering. Get out your shovels and hike up your waders; the gems of intel are here if you don't mind swatting aside the flies.As a point of transparency, I work at Walmart ISD and I know how much of the editorial comment is flat out laughable. I do not attend a 'megachurch' and more than half the people on my team are from India, so in fact we go out of our way to respect their culture. If that's a point of pain for anybody, go to ITT Tech and learn a skill. If you work at a walmart retail store they'll help you pay for it.

I am not a Wal-Mart employee nor do I even shop there but I think I will start today.Given the title, I thought this book would elucidate on fundamental changes in the retail industry with case studies from various well-known retailers. Instead, it focuses on Wal-Mart with laser precision and proceeds to bash it at every turn without cause all the while freely admitting that most methods implemented were borrowed from others which begs the questions, "Did Wal-Mart ever invent anything new? What were other famous retailers doing at this time?" Rather than research historic data and report on trends, the author chooses to randomly and I do mean randomly point out perceived flaws in Wal-Mart. On rare occasions, we are given actual references to articles that back up some of his assertions but more often than not, we are stuck with his rants and no facts. Further, his explanation of retail history is extremely misleading as he leaves out critical issues.Apparently, the author has never actually visited a small town nor queried the local population as to where they do their shopping and what are the available choices for purchasing goods or seeking employment before and after the arrival of a Wal-Mart. Since when have small businesses hired only full-time employees or offered health insurance and pension plans? They don't even have such things for themselves let alone the non-family staff. More importantly, America consists of a collection of social classes with a range of disposable income. Some like expensive items, some don't. Wal-Mart fills a niche yet rarely a word on how it stacks up against it's competitors nor what retailers that address high income niches are doing. The author prefers to rant that Wal-Mart doesn't behave like General Motors in the 60s and somehow that is just wrong. The author clearly doesn't understand supply and demand economics or basic business practices. If Wal-Mart expands because competitors floundered or just plain screwed up and have to close stores, then Wal-Mart is behaving in a predatory manner. If Wal-Mart implements new tech in a savvy way that gives them an edge over competitors, then Wal-Mart is sinister and anti-employee. And it is extremely odd that anything cited about Wal-Mart is cited from a public source meaning competitors have ample opportunity to adopt the same business tactics yet we aren't treated to any knowledge of what they are doing. Again, why the title if you don't want to talk about retail?I never really could decide if the author was subsidized to write this book by an R.J. Reynolds type manufacturer or the AFL-CIO as he feels so strongly about these issues.1) Manufacturers should decide exactly how many widgets they intend to make and retailers should beg to be allowed to sell them up to and including offering bribes. We used to call that communism. How's it working? How dare Wal-Mart provide feedback such as near exact tallies of what they currently have in stock when negotiating to purchase more. More importantly, Proctor and Gamble freely admitted that this business model worked until the markets were saturated so they were looking for a different approach. Yet no word on that or any other manufacturer in a similar situation.2) All American businesses are better run by unions especially unions that assume employees lack basic education like international studies or economics so they can get all worked up about the imagined excesses of 1-2 corporate executives rather than realities like deflation or international competition whenever the union attempts to renegotiate a contract. How about explaining some of the atrocities that unions have done to themselves such as stifle creation of new jobs based on new products or services forcing companies out of business or jobs overseas? How about demanding wages and benefits higher than their efforts add to the bottom line? And why the assumption that Americans love unions? They have been fading for decades in all industries. Is that Wal-Mart's fault too?3) Consumers love high prices particularly in order to subsidize union workers because saving money and spending it elsewhere isn't in their best interests. No doubt this explains the growth of Costco, Wal-Mart and Amazon.com. And secondary markets like Game Stop, E-Bay or [...]. Instead he actually drags you back to the 1930s (but Wal-Mart started in 1962) to rant about past union struggles and recite historic labor laws as if they matter. Seriously.4) Retailers don't give a hoot about reducing inventory or turning over stock by tracking it. Yes, he admits that Wal-Mart uses barcode tech but doesn't say how or whether they were the first or whether other retailers do it too or even what they actually do with the data. Considering the title, an entire chapter should have been written about this issue. And no mention that manufacturers too decided that just in time manufacturing is a great way to reduce costs when copying Japanese business methods in the 80s. More importantly, none of this works in a vacuum. It requires business relationships with vendors; a two way street which begs the question, "How is this Wal-Mart's fault?"4) Manufacturers really don't want to know if retailers buy less of their products because it is too easy to shoplift or the packaging doesn't communicate product information well. Wal-Mart is bullying manufacturer's rights to make products as they please. I'm sure investors in blue chip corporations would agree.5) Any employee no matter how incompetent should be allowed to work at Wal-Mart until retirement. Since when has any job at the bottom been used for anything other than basic training and a reference to work somewhere else? The author never explains why grumbling employees complaining that they earn less than union workers down the street don't switch jobs. Nor does he value the fact that Wal-Mart often opens stores in areas where previously there were no jobs thus creating jobs. Nor does he consider that many workers actually prefer part-time work because it matches their schedules.5) Methods for distributing goods have changed. We have standard shipping containers for boats, planes, trains and trucks. We have wide multi-lane freeways. We have reliable communication methods and GPS tracking. UPS and Fedex have built businesses around this technology. Surely, Wal-Mart uses it somehow yet all we hear is the plight of the Trucker's union then a fast forward to Wal-Mart providing the best maintained trucks, highest paid truckers with low turnover, low accident rate and 99.8% on time delivery. Did you get all that?Aside from these silly ideas and others that he vents about, the author treats you to random facts about Sam Walton such as he hunts or boats around for relaxation. Relevance? What a stupid book!