What does this mean for the world?
(1) The internet as we know it is taking over the world. (2) People like you and I now want the optimal shopping convenience which will be provided via the internet. (3) The economy is not growing as fast as many may imagine even with lower gas prices. Wal-Mart’s data verified these three key points. Wal-Mart’s strategy to regain their growth includes increasing employee wages to $9, spending millions of dollars to have more of an Amazon like e-commerce platform for their customers, and continue to deliver the lowest priced products. We are now in an era where technology will be the forefront of consumer engagements. We can all learn some valuable lessons from what Wal-Mart is currently going through, and we can be assured if this giant business is being affected in growth, then there are plenty of other businesses that are also feeling the pain as well.