Wal-Mart now has 56 stores in China, with about 30,000 employees, and plans to open 20 stores this year. Amy Wyatt, a Wal-Mart spokeswoman, declined to say how many stores would be added longer term.
Internationally, Wal-Mart is active in China, Japan, Korea, Britain, Germany, Canada, Mexico and eight countries in Latin America.
The company does not provide a country-by-country breakdown of international financial results, but the division accounted for about 20 percent of last year's overall net sales of $312.4 billion. The international unit is growing faster than the company's larger United States operations.
Late last year, Wal-Mart extended its global business by buying 140 Sonae stores in Brazil and increasing its stake to a majority in the Seiyu chain in Japan, which has 405 stores.
Forbes.com has created a slide show to illustrate the globalization of Wal-Mart, it is a very eye opening and awakening presentation that you must check out! Heres the link Forbes: Globalization of Wal-Mart
No comments:
Post a Comment