Wal-Mart eyes acquisitions in China, Indian ops not so rosy

|About: Wal-Mart Stores, Inc. (WMT)|By:, SA News Editor

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.