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
Makro, part of the Massmart brand in South Africa, trades in food, general merchandise and liquor with stores located in major metropolitan areas. The first Makro store opened in 1971 and around 1989, became a part of Massmart. In 2011, Walmart entered South Africa through a merger with Massmart. Today, Massmart operates in more than 400 stores in South Africa and 12 other sub-Saharan countries.
