Hibbett Sports: A Bricks-and-Mortar Winner in Retail?

August 12, 2016 Moats 2 Comments

In 1996, the Wall Street Journal wrote its first article on online competition for travel agents.  “For more than a year,” the newspaper reported, “airlines have been trying to cut their payments to travel agents, who account for 80% of…

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Winmark & The Evolving Retail Industry

July 13, 2016 Moats 1 Comment

 “Retailing is a tough, tough business, partly because your competitors are always attempting and very frequently successfully attempting to copy anything you do that's working. And so the world keeps moving. It's hard to establish a permanent moat that your…

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