Discount Stores in Retail business
These include giants such as Wal-Mart, Target, and Kmart, as well as membership warehouses such as Costco. These discount stores, along with the category killers, have changed both the retail industry and the American landscape. Where once mom-and-pop and department stores dominated retail, the discount retailers and category killers are now at the top of the heap. And where shopping malls, anchored by at least one major department store, used to be the dominant retail presence lining the nation's roads, now it's the behemoth Wal-Marts and Home Depots.
- Contributed by Nithin Narayanan