Winn-Dixie is the first chain of its size to stumble badly against Wal-Mart's grocery strategy, though plenty of smaller chains have shut down or merged with competitors.
Although chronic slow growth in Japan and a declining stock market in the United States were partly to blame for market troubles here and in other Asian countries, Mr. Fischer berated Korea for prolonging its own difficulties by providing easy credit for companies that should either merge with competitors or go out of business.
As it was with the automobile industry transformation, a number of modern innovators will probably face serious difficulties, some will merge with competitors and some will just disappear.
Some companies have merged with competitors or have been acquired by larger regional and national long-distance companies.
They use those investments to secure board seats and then press for changes that often include merging with competitors, selling off parts of the company, pushing up the price of drugs, moving production overseas and, in many cases, firing large numbers of workers.
Scripped.com, a San Francisco-based developer of online screenwriting software, has merged with competitor Zhura.
On the leasing side, platforms like VTS, which merged with competitor Hightower last November for $300M, are beneficial.
Luxury vacation club Inspirato is announcing big news today the company has merged with competitor Portico Club, which was previously a part of Exclusive Resorts.
The company managed to beat out Webex (owned by Cisco) and Citrix in the Russia-speaking market, partly by merging with competitor COMDI just under a year ago.
PowerInbox, the email platform company which merged with competitor ActivePath a year ago, is today launching technology called SecretInk that enables "self-destructing" messages that can be sent over email or SMS.
Uber's prolonged land war in China is over: Uber's China unit will merge with competitor Didi Chuxing, ending a fierce multi-billion-dollar battle for the largest ridesharing market in the world.
