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.

Neither Austin Smith nor Brendan Byrnes own shares of the companies mentioned in this video. The Motley Fool owns shares of Apple, Wal-Mart Stores, GameStop, Coach, and lululemon athletica. Motley Fool newsletter services have recommended buying shares of Coach, Wal-Mart Stores, Apple, and lululemon athletica; writing covered calls in GameStop; creating a bull call spread position in Apple; and creating a diagonal call position in Wal-Mart Stores. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.