The following video is part of our "Motley Fool Conversations" series, in which Motley Fool financial editors Brendan Byrnes and Austin Smith discuss their favorite stocks.

In today's edition, Austin discusses how many large retailers will look different to consumers going forward and what it means for investors. As big-box retailers have a difficult time with larger stores -- which are expensive to build and maintain, and somewhat inconvenient for consumers -- they are repositioning themselves with smaller designs that are located closer to consumers. In the case of Wal-Mart, this is most certainly a reaction to the erosion it realized from deep discount competitors like Dollar General.