Walmart’s African ambitions show need for foreign growth

If Walmart successfully completes its proposed acquisition of South Africa’s Massmart, the $4.6bn deal will mark its largest single overseas move since it bought the UK’s Asda in 1999.

But for the world’s largest retailer the proposed expansion also underlines an increasing focus on pursuing international growth that has become increasingly important over the past few years, as growth in its home market has slowed.

Walmart lines up sites for smaller stores - Sep-19With total sales last year of just over $400bn, Walmart has seen its international store footprint grow faster than in the US since 2007, as the recession and an increasingly saturated home market slow the expansion of its US supercentre stores.

Read Full Article from Financial Times

- Posted: 2010-09-27 21:40:02

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