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1.
The mass closure of small business in a city or town caused by Wal-Mart setting up shop there
Many small businesses have closed across America because of the Wal-Mart effect.
by Aaron, Earl of Vermilion November 01, 2008

Words related to Wal-Mart effect

one-stop shop small business target united states wal-mart
 
2.
When retailers remove extras from their products to make them more price-competitive with Wal-Mart.
Polo shirts sold by J.C. Penney without the customary breast pocket demonstrates the Walmart effect.
by Lane D. April 29, 2008