Analysis: Cautious Wal-Mart missing out on Russia's retail boom
MOSCOW (Reuters) - Retailer Wal-Mart Stores Inc has let caution thwart its ambitions in Russia, and will find profits harder to come by if it delays getting a foothold in the vast market catering to 140 million people. Fearful of getting hamstrung by Russia's complicated and time-consuming bureaucracy, the world number one retailer has been outmaneuvered by its European peers - Auchan and Metro have become the third and fourth biggest food retailers in the $300 billion-plus market. ...
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