Walmart's Ij&a
Part I describe Walmart expansion
As the largest retail chain in the world, Walmart is one of the earliest companies that realize that waiting too long to get into foreign countries would give competitors a lead that would be difficult to close. However, globalization is always a double-edged sword. Despite that Walmart is the world’s largest company with a turnover of $312.4 billion, Walmart’s results from globalization had been mixed.
In 1991, the establishment of Sam’s Club near Mexico City represents takeoff of Walmart’s globalization. In 1998, In 1998, Wal-Mart acquired a controlling interest in Mexico's largest retailer, Cifra, which operated stores throughout the country, ranging from the largest chain of sit-down restaurants to a soft lines (apparel, home furnishings, fabric) department store. In 2000, Wal-Mart changed Cifra's name to Wal-Mart de Mexico.
Acquisition is a common way in that Walmart goes into other countries’ markets. In March 2004, Wal-Mart Brazil announced the acquisition of Bompreco, a retail chain with 118 units; In late 2005, Wal-Mart acquired the retail operations of · Sonae Brasil S.A. (Sonae).In 1994, Wal-Mart purchased all 122 Canadian Woolco discount stores. Walmart entered South Korea in July 1998 by acquiring a majority stake in Makro. In the United Kingdom (UK), Wal-Mart had acquired ASDA, a profitable chain in 1999; In the spring of 2000, Walmart moved quickly to finalize its $10.8 billion deal to acquire the 232-store supermarket chain, which was Walmart’s largest acquisition ever.
Acquisition helps Walmart conquer some foreign countries quickly. Some successful examples are Walmart’s practices in Mexico, Brazil and United Kingdom. At the end of 2005, Wai-Mart operated a total of 807 stores in Mexico, including 107 Super centers and 71-SAMS CLUBS. The company employed more than 112,000 associates across the country. as of December 2005, Wal-Mart Brazil operated 22 Wal-Mart Super- centers, 15 Sam's Clubs, and 2 Todo Dias
As the largest retail chain in the world, Walmart is one of the earliest companies that realize that waiting too long to get into foreign countries would give competitors a lead that would be difficult to close. However, globalization is always a double-edged sword. Despite that Walmart is the world’s largest company with a turnover of $312.4 billion, Walmart’s results from globalization had been mixed.
In 1991, the establishment of Sam’s Club near Mexico City represents takeoff of Walmart’s globalization. In 1998, In 1998, Wal-Mart acquired a controlling interest in Mexico's largest retailer, Cifra, which operated stores throughout the country, ranging from the largest chain of sit-down restaurants to a soft lines (apparel, home furnishings, fabric) department store. In 2000, Wal-Mart changed Cifra's name to Wal-Mart de Mexico.
Acquisition is a common way in that Walmart goes into other countries’ markets. In March 2004, Wal-Mart Brazil announced the acquisition of Bompreco, a retail chain with 118 units; In late 2005, Wal-Mart acquired the retail operations of · Sonae Brasil S.A. (Sonae).In 1994, Wal-Mart purchased all 122 Canadian Woolco discount stores. Walmart entered South Korea in July 1998 by acquiring a majority stake in Makro. In the United Kingdom (UK), Wal-Mart had acquired ASDA, a profitable chain in 1999; In the spring of 2000, Walmart moved quickly to finalize its $10.8 billion deal to acquire the 232-store supermarket chain, which was Walmart’s largest acquisition ever.
Acquisition helps Walmart conquer some foreign countries quickly. Some successful examples are Walmart’s practices in Mexico, Brazil and United Kingdom. At the end of 2005, Wai-Mart operated a total of 807 stores in Mexico, including 107 Super centers and 71-SAMS CLUBS. The company employed more than 112,000 associates across the country. as of December 2005, Wal-Mart Brazil operated 22 Wal-Mart Super- centers, 15 Sam's Clubs, and 2 Todo Dias