Walmart's global empire
The world’s largest retailer, Walmart, has an international reach of 6,360 stores across five continents. According to Bloomberg, the contribution of its international business to total revenue has reduced from about 30 percent five years back, to less than one-quarter of its total revenue. Reason? Competition, store closures and weak economies. With Doug McMillon as CEO, the company has seen a strategic change – buying e-commerce startups and focusing on potential markets like China and India. In the context of Walmart’s mega deal with one of India's largest ecommerce portals, Flip
Curated By: Forbes India
Mexico is Walmart’s largest market with about 2,358 stores nationwide. The Aurrerá store was first set up by the Arango brothers, bringing the supermarket model to Mexico. In 1991, Walmart entered into a joint venture with the parent company of the Aurrerá store, and in 1997 bought majority stake there. After this, Walmart set up the brand Bodega Aurrerá. Today, the brand has over 372 stores.
