Buying power and pricing power: More important than ever?

The following comment (from RetailWire) seems obvious, but its importance can’t be overstated…it helps to have market leverage:

Buying power is hugely important and has gained traction during the era of retail consolidation. Whether you are talking about department stores, big box retailers or discounters, there are simply fewer players with more leverage over their vendors than 10 or 20 years ago. Walmart is probably the best example of a retailer with pricing power — and they have used it for many years to gain market share at their competitors’ expense.

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