World's largest retailer is not part of the major global markets, including Germany, Russia, and South Korea.
Wal-Mart(WMT) largest retailer which world, with revenues of $135 billion in 26 countries outside the United States but it must is not shops in some of the world's largest markets. Not in Germany, not in South Korea, not in Russia. And since last week in India, not either.
On Oct. 9, Wal-Mart announced that it is companies closing with the Indian partner, Bharti, which means that the American company ambitious plans, not soon hundreds of Supercenter to open India implemented. In the official statement referred Scott Price, head of Wal-Mart Asia, oblique "Investment conditions" as part of the problem.
He was two days earlier on the Asia-Pacific Economic Cooperation Summit direct in an interview with the Associated Press. Price said that the Indian Government provided that the foreign retail chains source 30 percent of the products they sell by small and medium-sized Indian companies the "critical stumbling block". Wal-Mart have a wholesale business in India that holds it.
Price not mentioned that the Indian Government investigated allegations that Wal-Mart violated rules for foreign investment in the retail sector or that Wal-Mart carries out an internal probe on possible violations of U.S. anti-bribery laws.
Wal-Mart has no way find, like Russia, either be found out. For nearly six years, it looked to buy a local company that could facilitate cultural and bureaucratic misunderstandings. Wal-Mart lost a bid for a promising partner, a discount chain called kopejka, in 2010. Wal-Mart later closed its Moscow Office, after disagreements over the price say their takeover plans had thwarted.
Then there is Germany and South Korea. After the opening of branches in both countries, Wal-Mart closed in 2006. Not Wal-Mart employees liked treat Germans a their food in the check-out. Male customers thought that the smiling employees flirting were. And many Europeans prefer shop daily at local markets. In South Korea, Wal-Mart also set his American marketing strategies, focusing on everything from electronics to clothing and not what South Koreans go to the big markets for: eat and drink.
In the course of the summer there were rumors that Wal-Mart was interested in purchasing the Hong Kong chain, ParknShop. Not the comment that companies which would last media call (PDF), on the 15 August Doug McMillon, head of Wal-Mart international.
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