Wal-Mart’s (WMT) same store sales fell .1% in the US during November. No amount of discountin or ptomotion could stem the company’s deteriorating trend. Perhaps overseas the company can gain back some of its rapid revenue growth.
Wal-Mart has cut a deal in India with local firm Bharti. The companies plan to spend hundreds of millions of dollars to open stores across India where the retail market is $200 billion.
Wal-Mart could use a win in India. But, whether it will have the kind of success it has had in China or the failures it experience in Germany and Korea.
Wal-Mart’s overseas sales rose 33% in the laat quarter, but are still less that 40% of what the retailer giant does in the US.
That number needs to go up. Fast.
Douglas A. McIntyre can be reached at [email protected]. He does not own shares in companies that he writes about.
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