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
Published: May 10, 2018
Walmart's global empire
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  • Walmart's global empire
  • Walmart's global empire
  • Walmart's global empire
  • Walmart's global empire
  • Walmart's global empire
  • Walmart's global empire
  • Walmart's global empire
  • Walmart's global empire
Maxxi Wholesale, which offers products ranging from food to hygiene and cleaning, is one of the many popular brands Walmart owns in Brazil. However, amid a climate of political unrest and a sluggish economy, Walmart is in talks with private-equity firm Advent International to sell a controlling stake in its Brazilian operations.