ANALYSTS PREDICT LONG-TERM WAL-MART PRESSURE

BENTONVILLE, Ark. -- The impact of Wal-Mart on the rest of the food industry is unlikely to abate for years to come, according to analysts attending the company's 10th annual analysts' conference here late last month.Wal-Mart's ongoing expansion of supercenters makes it "the largest long-term competitive threat to food retailers," Mark Wiltamuth, an analyst with Morgan Stanley, New York, said. "As

BENTONVILLE, Ark. -- The impact of Wal-Mart on the rest of the food industry is unlikely to abate for years to come, according to analysts attending the company's 10th annual analysts' conference here late last month.

Wal-Mart's ongoing expansion of supercenters makes it "the largest long-term competitive threat to food retailers," Mark Wiltamuth, an analyst with Morgan Stanley, New York, said. "As Wal-Mart's expansion and the growth of club stores, dollar stores and other nontraditio

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