Walmart, the quintessential American retailer, is racing to catch up with the reality of Americans’ changing shopping habits.
Fewer Americans want to park their cars in giant lots and schlep to a big box store. Amazon.com and other online sites have made brick-and-mortar outlets with a wide array of items less necessary, while those items people require now can be easily picked up at smaller shops.
At the same time, a growing percentage of Americans live in cities, not Walmart's traditional turf. Between 2000 and 2010, the urban population increased by 12.1 percent compared to overall population growth of 9.7 percent, according to U.S. Census data.
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