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1. Innovate your business model. In a mature market, it's difficult to innovate and also drive continued growth, so retailers often turn to store expansion. However, Target's failed attempt to enter the Canadian market and Best Buy's recent sale of its stores in China highlight how this can be a huge mistake.
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- Companies:
- Amazon.com
- Best Buy
- Target
- Wal-Mart
- Places:
- China
Carlos Castelan
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