In 2006, Wal-Mart closed its stores in South Korea and Germany. According to an article in the New..

In 2006, Wal-Mart closed its stores in South Korea and Germany. According to an article in the New York Times: Wal-Mart’s most successful markets, like Mexico, are those in which it started big. There, the company bought the country’s largest and bestrun retail chain, Cifra, and has never looked back. This year, Wal-Mart is spending more than $1 billion in Mexico to open 120 new stores. What advantages does Wal-Mart gain from buying large retail chains, as it did in Mexico, rather than small chains, as it did in its unsuccessful attempts to enter the South Korean and German markets? Based on Mark Landler and Michael Barbaro, “Wal-Mart Finds That Its Formula Doesn’t Fit Every Culture,” New York Times, August 2, 2006.

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