Scott Discusses Wal-Mart's Success, Future

"The stage has been set for the most volatile and complex times in world history," he said, "with technology and social networks driving equality - creating a more informed customer than ever -and it's all happening at light speed." Wal-Mart's city-bound movement is evidence of this strategy, as uncharacteristically small store footprints of 20,000 square feet or smaller are planned to mine urban retail spaces in Chicago and Philadelphia. New York City has recently been a moving target evading Wal-Mart's sites, but [Scott] doesn't believe the market is a linchpin in its urban model's success.