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Sunday, Oct 6
Wal-Mart eyes acquisitions in China, Indian ops not so rosy
- Wal-Mart (WMT) is looking at acquisitions in China, says Asia chief Scott Price, adding that he feels better about the company's operations in the country now than he did a year ago.
- Scott also notes that comparable sales in Japan have grown for four years in a row.
- However, Wal-Mart's Indian operations aren't so hot. The firm has held back from further investment and store openings, due to regulations, especially those to do with sourcing. Price says Wal-Mart is in talks with local partner Bharti Enterprises about their plans. The relationship is good, he insists, despite reports that the latter wants out.