Retailers Propel Growth by Global Expansion

The pace of global food retailing for the Top 25 players picked up in 2006, with companies continuing to rationalize market strengths. Wal-Mart Stores, the leader of the pack, pulled out of Germany and South Korea last year, unable to satisfy localized tastes and cultures, while shoring up interests in Latin America and Japan. France's Carrefour, the world's second-largest retailer, also succumbed

The pace of global food retailing for the Top 25 players picked up in 2006, with companies continuing to rationalize market strengths.

Wal-Mart Stores, the leader of the pack, pulled out of Germany and South Korea last year, unable to satisfy localized tastes and cultures, while shoring up interests in Latin America and Japan. France's Carrefour, the world's second-largest retailer, also succumbed to local competition in South Korea. Meanwhile, the U.K.'s Tesco, which is preparing to

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