We don't have Walmart in the UK, and from what I saw of it in Canada, I'm glad. The market is very different over here- people demand a certain level of quality that is seemingly higher than that of the average American consumer (who shops at WM).
What we do have, is Tesco. Now I don't know if they're beginning to expand into other countries, but over here there's always stories on the news and radio when it's the end of their financial year and they're posting record profits, again. I have nothing against Tesco, because they stock a lot of good-quality items, at good prices. Their value range, while it may not have the same pretty packaging as the regular foodstuffs, is actually pretty good and it's damned cheap. A few pence for a can of baked beans, for instance.
Recently, Tesco has been expanding into consumer electronics, which is in no way a bad thing, IMO. They have £25 DVD players, which may seem a tad high for bargain-basement goods to an American, but given the higher cost of living in the UK, it's extraordinarily cheap, and good value for money given what you get. Electronics are just one of the avenues they are exploring. I get my car insurance and home insurance from them, as they are the cheapest on the market. Now that I have my maximum no-claims-bonus (65%), I suppose I should shop around, but I'm not too bothered about it. It's cheap, and it works, and that's the attitude that most people are adopting.
However, there are a rising amount of businesses that go on record on the radio talk shows, saying that they cannot compete with Tesco anymore and they are having to scale down their operations. I've lost track of the number of times that people have lamented the loss of local produce from their shopping choice. Tesco buys it's produce and supplies from the cheapest supplier, and doesn't restrict their purchasing to the UK. That's not necessarily a bad thing, but I take issue with local producers being forced out of the market because Tesco want to gain further market share. However, this tale does have its upside. Recently, BBC Radio 2 had the founder of a local village shop on their lunchtime chat show, who detailed how he has opened a store that stocks local produce exclusively. Apparently, for him, business couldn't be better. People are lapping up the fresh and tasty food that they have bought from literally down the road, and they have plans to expand. I raise my glass to this man, as he has shown that Tesco is not the be-all and end-all of grocery shopping, and that there is still a place for small businesses.
I sit firmly on the fence of this issue, even if it is somewhat non-relatable to the Walmart monopoly discussion. We shop at Tesco monthly, and it's good value for money. However, we also buy meat from established butchers, and there's a place up the road from us called Middle Farm who stock a huge range of jams, cheeses, ales, ciders, etc. While they still cannot compete with Tesco, there is undoubtably still a place for them in today's world, because they offer something that Tesco simply cannot.