Such an option would be a strict improvement against Walmart.
No it wouldn’t. Unless you can manage a supply chain with the skill Walmart does, it would fail to provide the key service Walmart does; being a low-cost, wide variety retailer.
Even if you could do everything else Walmart did (unlikely), your labour costs would be >10% higher, and your prices accordingly higher. As such, your sales would be lower, and your customers less well off.
It might be a kaldor-hicks improvement. But it would not be a strict improvement.
No it wouldn’t. Unless you can manage a supply chain with the skill Walmart does, it would fail to provide the key service Walmart does; being a low-cost, wide variety retailer.
Even if you could do everything else Walmart did (unlikely), your labour costs would be >10% higher, and your prices accordingly higher. As such, your sales would be lower, and your customers less well off.
It might be a kaldor-hicks improvement. But it would not be a strict improvement.