In case you just weren't sure about the impact of Wal-Mart on the retailing world, here's what a Merrill Lynch analyst has to say.
Wal-Mart's impact has been "like the Black Death," said Mark Husson, a retail analyst for Merrill Lynch. "The plague comes to your village, and everybody gets sick, but not everybody dies."Well, when you look at the big picture, that is comforting, isn't it? The Black Death only killed about 40% of Europe, after all. So Wal-Mart won't wipe out everybody with delirium, blood infections and swelling, puss-filled buboes! Take heart!