This is a great story about the history of modern retailing. It chronicles the founding of A&P in the 1850s through its ascent to become and maintain its position as the world’s largest retailer for more than four decades. The parallels to the modern-day Wal*Mart are simply fascinating. Both focus on low prices/high volume, efficiencies in every aspect of operations, loyalty between company and employees, eliminating the middle man, and avoiding political engagement in the early years. There are also lessons to be learned about ferocious governmental attacks on business and the sad story of a lack of management succession planning.
Retailers: You’ll have had time putting this one down.