Of course, Wal-Mart has a lot of baggage -- it is a "category killer" that has negative overall effects on local economies, it pays low wages and minimal benefits, and it is hell on its suppliers.
But lest you think that Wal-Mart is a dominating monster, remember:
- Wal-Mart operates on ultra-thin margins
- Wal-Mart controls less than 10% of retail shopping
- Wal-Mart has essentially zero brand loyalty from its customers. If they can get a better deal, they will go elsewhere.