An article in the Financial Times suggests that the big box retailer have failed to innovate and have got themselves into jumping on every bandwagon rather than leading consumer expectations and experience:

Michael Collins, retail consultant at Bain & Partners in Chicago, says that while the turmoil is being exacerbated by the economic slowdown, the causes are more deep-rooted, and include the rapid commoditisation of the new “hot” items that traditionally deliver the highest margins for retailers.

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