Wal-Mart "rethinks strategy" in Russia

May 5, 2010 10:54
US retail giant Wal-Mart is reportedly considering expanding organically in Russia by building its own stores rather than relying on the acquisition of a local player, reports http://www.megafishnet.com/ (https://www.fishnet.ru/) with reference to Just-food.

Wal-Mart has been linked to the possible acquisition of a number of Russian retailers - including Lenta, Kopeika and Karusel - but the company is now said to be considering alternative means of entry into the market.

According to the St. Petersburg Times, Wal-Mart has shifted its focus to include both possibilities when previously it had been seeking acquisition opportunities in the market.

Citing an unnamed source, the Russian paper claimed that Wal-Mart would look to open new stores in high-density residential locations.

MEGAFISHNET.com is a global fish and seafood marketplace with an emphasis on APPROVED SUPPLIERS from such major sources as China, Russia, Vietnam, Europe, Americas, etc. More details →