WAL-MART WILL CONTINUE TO REDRAW THE LINES IN 2003

The year is barely two weeks old but already there are fresh signs that Wal-Mart will continue to cross traditional lines -- and redraw those lines -- as much as ever.The latest buzz is a report that Wal-Mart is considering some measure of third-party wholesaling to supermarkets and may be starting to move in that direction with a diverting program (see Page 1). Wal-Mart declined to comment.At first

The year is barely two weeks old but already there are fresh signs that Wal-Mart will continue to cross traditional lines -- and redraw those lines -- as much as ever.

The latest buzz is a report that Wal-Mart is considering some measure of third-party wholesaling to supermarkets and may be starting to move in that direction with a diverting program (see Page 1). Wal-Mart declined to comment.

At first blush nothing could seem more ridiculous than this news. Wal-Mart's phenomen

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