Word: marts
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Dates: during 2000-2009
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Feld has targeted an additional 100 small markets to include on future Hometown tours. "I like to think of ourselves like Wal-Mart," he says. It's not a bad strategy. Wal-Mart may be the world's largest company, but it got that way by first dominating small towns. Indeed, in many places, heading to Wal-Mart is an evening's entertainment. Even with a smaller show, Feld figures he can top that. With reporting by Paige Bowers/Rome
...mart's Holdout
...Change requested by a woman at a Wal-Mart in the U.S. state of Georgia, after she tried to pay her shopping bill with a fake $1 million banknote. She was arrested and charged with forgery
...inside the Network Operations Center (NOC) of the Burlington Northern and Santa Fe Railway Co. (BNSF). Dispatchers at the railway's headquarters in Fort Worth, Texas, sit hunched over computers 24/7, directing trains for the nation's second largest railroad and tracking shipments of everything from coal to Wal-Mart clothing. Nine megascreens monitor the flow of goods on 200,000 railcars across 33,000 miles of track--Chinese merchandise rolling east from California, Midwest grain heading west and then to Asia, FedEx packages crisscrossing the nation. Last year this "old economy" business racked up record revenues of $9.4 billion...
Those innovations place BNSF in a position to benefit from Wal-Mart's never-ending crusade to create a tighter supply chain. For instance, Wal-Mart is requiring major suppliers to put RFID--radio-frequency identification--on all cases and pallets by 2005. BNSF already uses a first-generation RFID system to track railcars with shipments for Wal-Mart and plans to take the system to the next level, even if that means tagging every piece of lumber it hauls. "Whatever interests Wal-Mart fascinates the hell out of me," says Campbell. But BNSF is taking the technology beyond...