Foreign shoppers become a main target for U.S. retailers

07/6/2010 | Los Angeles Times (tiered subscription model)

As the world's wealth shifts from industrialized nations to developing economies, U.S. retailers are following suit. Popular retail chains in the U.S. are opening their first stores overseas or stepping up foreign expansion. Wal-Mart Stores told shareholders last month that it was looking for growth outside the U.S. to compensate for sluggish sales at home.

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