January 22, 2008
Wal-Mart Drops Top Business Titles From Magazine Rack
Wal-Mart have stopped stocking copies of the New Yorker and business publications like Fortune, Business Week and Forbes as part of a larger cull of more than 1,000 titles. The AlleyInsider suggests that the products such as music and DVDs might also get cut in the near future:
Wal-Mart is ruthless about maximizing every inch of its floorspace, and it’s clearly decided that it’s only worth keeping a handful of magazine titles on its racks… this is a disaster for the magazine world, which depends on Wal-Mart for an estimated 20% of retail sales.
It is also a prelude to what’s about to happen to the music business, as Wal-Mart and the other big box retailers start to hack away at the retail space they devote to music. And it may also happen to Hollywood, which depends on the big boxes for DVD sales.
Wal-Mart Gives The New Yorker (And Forbes, Fortune, BizWeek etc) The Boot - Silicon Alley Insider
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