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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Wal-Mart Faces Obstacles With India Expansion 0 comments
    Jul 9, 2013 12:41 PM | about stocks: WMT

    Originally published at www.seclive.com

    Wal-Mart (NYSE:WMT) has plans for continued worldwide expansion, and in its campaign to start operations in India, the retail giant is coming up against obstacles that will slow its startup in the second most populous country in the world. Last September, Wal-Mart won a victory on its path towards working in India but has since faced Indian government approval hurdles and estimates it needs 12 to 18 months after gaining approval before its first shop opens. Based on this timeline, the earliest Wal-Mart can expect to operate in India will be 2016. A lot of uncertainty still exists with its India operations: national elections in May could impact Wal-Mart with the controversial retail reform, allegations of bribery threaten the company's business integrity in a country where such conduct is acceptable, and Wal-Mart's local joint venture partner Bharti Enterprises may have some anxiety with the delays and required additional investments to start an already-slow operation.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: WMT
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