Hints and tips:
...South Africa appeal court dismisses case against Wal-Mart’s Massmart deal Regulators’ approval of Wal-Mart Stores Inc....
...http://www.ft.com/intl/cms/s/0/115447dc-92c9-11e1-b6e2-00144feab49a.html WalMart workers freed after mislabeling charges Authorities in Chongqing, China, released two Wal-Mart Stores Inc. employees jailed...
...Tesco is also the third-largest supermarket chain in the world, behind US giant Wal-Mart and French supermarket group Carrefour....
...Wal-Mart may open India retail stores Wal-Mart and Carrefour may gain access to the retail market of the world’s second most-populous country after an Indian government panel was said to have recommended...
...Wal-Mart Stores is expected to compete in an auction against South Korea’s Lotte Shopping and private equity fund Carlyle Group to buy Indonesian retailer Matahari’s hypermarket busines, Reuters reports....
...While his rivals Auchan, Metro, Wal-Mart and Carrefour all take position for battle in one of the world’s fastest-growing economies, Tesco’s chief executive is resolutely sitting this one out....
...The retailer, which operates over 1,100 bookshops in the US, Australasia and Singapore, has been struggling to reposition itself in the face of low-cost competition from rivals including Wal-Mart and Amazon.com...
...The Hemet store has attracted intense interest from Tesco’s competitors including a group of five note-taking visitors from Wal-Mart, which operates a Supercenter with groceries less than two miles away....
...“We need this foreign presence,” said de Castro, pointing out that Italy does not have a Wal-Mart, Carrefour or Tesco to promote its brands abroad....
...It operates stores in Japan, South Korea, Thailand, Taiwan and Malaysia. Tesco’s international rivals, including Wal-Mart and Carrefour, have also moved into China....
...Home Depot, the second largest US retailer, has also been looking for possible partners in China, while Wal-Mart, the largest US retailer, has been steadily expanding its presence there....
...Tesco recently lost out to two local South Korean retailers in the auction for both Wal-Mart’s and Carrefour’s stores....
...Wal-Mart lobbied for a broad relaxation of restrictions on retail investment during a meeting last year with Indian ministers....
...But investors may be heartened by its decision to enter the country through its small-scale convenience Tesco Express stores in a bid to sidestep head-on competition with Wal-Mart....
...Wal-Mart, the world’s biggest retailer, and Carrefour, the number two, have been studying the market while Metro, the fourth biggest global retailer, has opened two cash-and-carry centres....
...Wal-Mart may have over 1.5m employees, working in more than 5,000 stores in 10 countries, with sales that are expected to exceed $300bn this year....
...Albertson’s latest quarterly results, announced yesterday, reflected the continuing pressures on the retailer and other conventional supermarkets in the US from Wal-Mart and other discounters....
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