From McKinsey&Company, Insights & Publications, "
How retailers can keep up with consumers: The retail industry is more dynamic than ever. US retailers must evolve to succeed in the next decade." by Ian MacKenzie, Chris Meyer, and Steve Noble, October 2013:
Indeed, six of the ten largest US retailers in 1990 have since fallen from their positions as new winners, such as Amazon.com, Costco, and Walgreens, emerged in their place (Exhibit 1).
Exhibit 1
Shifts in the retail industry often create new winners, as evidenced by changes in the top ten US retailers.
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