The Deal
Saturday, July 4, 
2:29 am

Wal-Mart gets aggressive in China

Posted on October 17, 2006 at 1:15 PM
Filed under: Acquisitions
[ Share ]  [ E-mail ]  [ Leave a Comment ]
chinaMart.png

Wal-Mart is expanding its footprint in China, despite recent stumbles in Japan, Germany and South Korea. As reported in The Deal, the discount retailer is set to buy Trust-Mart, a Taiwanese-owned operator of hypermarkets, for $1 billion. If all goes as planned, Wal-Mart will add 31 stores to the 66 it already operates.

Corporate Dealmaker's K.C. Swanson dove deep into what the climate is like for U.S. retailers in China in the magazine's July issue. Demand for goods is high, but the market is a difficult one to crack for Western retailers. Competition is brutal, discount prices rule, and Western-style, customer-centric service is suspect. (That can't bode well for those smiling Wal-Mart greeters.)

Wal-Mart has blazed somewhat of a trail in the Middle Kingdom, having set up shop a decade ago. And with China's blistering growth, that’s an eternity. — Suzanne Stevens



Join Corporate Dealmaker's LinkedIn forum

Comments
Post a comment


Search


Search For

Decade of The Deal

Corporate Dealmaker Video


Vanterra's Shad Azimi on PE's evolution

Vanterra Capital's Azimi on how PE firms are investing in management to increase the value of their portfolio companies.


Movers & Shakers


Cuong Viet Do
Tyco Electronics Ltd.

Ram Ramakrishnan
Millipore Corp.

Cliff Miller
DeviceVM Inc.

Sam Wick
News Corp.

Arturo Gomez
Purfresh Inc.
Cuong Viet Do, Tyco Electronics Ltd.
Ram Ramakrishnan, Millipore Corp.
Cliff Miller, DeviceVM Inc.
Sam Wick, News Corp.
Arturo Gomez, Purfresh Inc.


COMPLETE MOVERS & SHAKERS ARCHIVES

The Magazine


MACDdec1cover.gifAnd the winners are...
Even in a period when things like toxic credit default swaps and noxious structured investment vehicles dominate the conversation in many parts of the deal community, people are still willing to take the time to recognize skill and achievement in the strategic transactions that help those companies adapt and grow.
View the complete issue


Last Issue
Archives
Suggest a topic
Purchase a reprint
Subscribe to The Deal


Monthly Archives


Syndicate

Contributors

footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg


©Copyright 2009, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.