Wal-Mart to focus global efforts on existing markets

04/12/2012 | Reuters · Wall Street Journal, The

Wal-Mart plans to increase its presence in China, ramp up its offerings in Canada and focus on other international markets where it already operates rather than invest in entering new markets, the company said this week. China's recent slowdown won't hurt the retailer's expansion plans there, Wal-Mart Asia CEO Scott Price said. "In relative numbers, China's still the fastest-growing GDP in the world."

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Reuters · Wall Street Journal, The

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