Walmart is doubling down on India and Mexico to jumpstart its stalled global growth ...Middle East

Quartz - Economy
Walmart is doubling down on India and Mexico to jumpstart its stalled global growth
Walmart may be the world’s largest retailer, but it hasn’t found equal success all over the globe. For some time now, growth in its international business has stalled. Between 2015 and 2020, while its US sales rose steadily, its total international sales actually shrank.Over the years, the company has occasionally reshuffled its overseas portfolio as it tried to figure out the right formula, but recent months have seen a flurry of activity. Since October, it has sold its majority stakes in UK grocery chain Asda and Japan’s Seiyu supermarkets and unloaded the whole of its business in Argentina.The retail giant isn’t retreating on its international ambitions, however. “What we’re thinking is f

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