WAL-MART PLANS TO EXIT GERMANY

BENTONVILLE, Ark. - The decision by Wal-Mart Stores here to leave Germany could blunt the company's expansion into Europe, analysts said, although Wal-Mart is expected to continue driving deeper into Latin America and Asia.Wal-Mart said it would sell its 85 stores in Germany, where it had operated for nearly 10 years, to German-based operator Metro AG, and take a $1 billion charge in the second quarter.Bryan

BENTONVILLE, Ark. - The decision by Wal-Mart Stores here to leave Germany could blunt the company's expansion into Europe, analysts said, although Wal-Mart is expected to continue driving deeper into Latin America and Asia.

Wal-Mart said it would sell its 85 stores in Germany, where it had operated for nearly 10 years, to German-based operator Metro AG, and take a $1 billion charge in the second quarter.

Bryan Roberts, retail analyst, Planet Retail, London, said maintaining a

Register to view the full article

test - Advanced Registered User

Already a member? .

TAGS: Walmart