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.

We've discussed one way to play retail during the short term, but what about the long term? The good news is The Motley Fool has compiled a special FREE report titled "The Death of Wal-Mart: The Real Cash Kings Changing the Face of Retail." In it, our analysts lay out how retail will change as consumers currently know it. But most importantly, they'll cover how you can profit from it. You can access it for free today by clicking here. Thousands have already requested access.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.