You guys must be thinking that I am crazy about Wal-Mart. But actually I can’t help it; there is always so much to post about this retail giant. According to analysts, Wal-Mart is currently reaping benefits of the strategies it took almost a year back. Almost more than a year ago, Wal-Mart decided to slow the pace of new store growth. Recently they have also decided of remodeling the existing stores.
H. Lee Scott, president and chief executive officer, re-emphasized the company’s plans to invest more in remodeling as it continues efforts to improve the shopping experience when he addressed retail analysts Thursday at a conference in New York.
As I have discussed earlier that Wal-Mart reported 3% growth in August sales which was almost double of Analysts anticipation, it was more because of its ability to foresee the future and take decisions.
Indian Retailers need to learn from Wal-Mart that it’s not important to open a store in a day or week rather it’s important to invest in improving customer experience in existing stores.
- 
Rajeev Damani 
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