If only being the last competitor left in a field was as unambiguously secure as it sounds on its face. It seems like the dogfight should be over, that the last survivor should be able to revel in its status as the winner, and reap the rewards. The reality is more complicated.
There are some in that position today who are relatively stable and strong, such as Dick's Sporting Goods and Best Buy, whose closest competitors in scale and proportion have fallen. Even so, their market position and future isn't as secure as it once seemed.. . . more