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SEAM · 02

SEAM #2: The Saturday Meeting

How Walmart’s store field and Saturday ritual produced a return Kmart could not match

"Walmart and Kmart began the same year. One built a store-and-distribution system whose shape, cadence, and ROIC the other could not readily copy."

with Xule Lin, Carliss Y. Baldwin, Claude Fable 5, Codex (GPT-5.6-sol)
July 2026

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