Lukehiker saidYeah, this is semi-good news, though it means a large number of communities will die. Walmart drove out the artisan and small town businesses in a lot of places, so if it fails, those communities will have nothing to fall back on.
I disagree...when the shade from the big tree is cut back, I think new seedlings will spring up very quickly. For one, W's competitors are like vultures ready to swoop in --especially to steal market share from where W already monopolizes it. And secondly, a lot of these towns have empty downtown cores and I suspect many have enticing incentives to start a business.
That vacuum will be filled quickly. Especially in the US --the entrepreneurial spirit is strong!!
While it may be filled quickly in some places, in others, the simple lack of people living there will limit the chances.
Shops like Meijer will take over some Walmarts, but the simple fact remains that Walmart was the only nation wide store, with K-mart and Target being big enough to compete. With the downfall of Walmart, those two will go ballistic buying up left and right, but local economies will still dictate what locations they takeover.
They snap up the locations with viable economies, ignore the rest; unfortunately, the ones they snap up will Also be the ones that can rebuild.