Walmart International focusing on own business over deals
(Reuters) - Wal-Mart Stores Inc is emphasizing improving results in international markets where it already operates, such as China, over entering new markets, its top international executive said on Thursday. "Our focus this year in particular has been on improving returns with our existing businesses," said Doug McMillon, chief executive officer of Walmart International. The company is working on the key markets of China and Brazil, he told investors and analysts at a meeting in Toronto that was also webcast. China is getting ready to move to an everyday-low-price model, he said. ...
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