Whoa! Wal-Mart revolutionized the supply chain. And Wal-Mart also started with a revolutionary idea: We can make stores in rural areas so people don't have to drive to the big city to shop. Every other chain considered those same rural areas unprofitable. It turned out to be a gold mine.
There are several books out there about how revolutionary Wal-Mart has been. I suggest you read one before assuming that Wal-Mart "didn't invent anything new"!
I don't disagree that wal mart is an innovator and that their innovations allowed them to crush their competitors, but from the perspective of Wal-Mart in 1969 they aren't doing anything new. At that point they're "Sears for people who want to pay less" which illustrates the silliness of OPs POV.
Fundamentally though Wal-Mart's business model is "big truck - small truck" it's just a specialization of Sears business model, similar to how all the businesses on TC are X for Y.
Whoa! Wal-Mart revolutionized the supply chain. And Wal-Mart also started with a revolutionary idea: We can make stores in rural areas so people don't have to drive to the big city to shop. Every other chain considered those same rural areas unprofitable. It turned out to be a gold mine.
There are several books out there about how revolutionary Wal-Mart has been. I suggest you read one before assuming that Wal-Mart "didn't invent anything new"!