Retail in Asia

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Wal-Mart seeks global growth

Discount retailer Wal-Mart Stores Inc. intends to drive growth, leverage and shareholder returns during 2010. Wal-Mart issued a plan to meet these goals in advance of its 4 June 2010 annual shareholders’ meeting.

Domestically, Wal-Mart intends to grow in major metropolitan markets with new formats, while making existing formats more productive. Internationally, Wal-Mart will launch efforts to accelerate square footage, enter new markets and acquire stores from competitors. The retailer’s Sam’s Club warehouse club banner will grow via efforts to grow its membership, and Wal-Mart also intends to intensify its multichannel retail efforts.

(Source: Retailer Daily)