Wal-Mart Stores Inc.
Wal-Mart Stores Inc. plans a major push to expand in Germany under
its own steam. The world's largest retailer is planning to add 50
new stores to the 95 it already operates in Germany and double its share
of the hypermarket sector to 20 percent within three years. As
Europe's biggest retail market Germany is critical to
Wal-Mart's European strategy. While Wal-Mart recently purchased UK
supermarket chain Asda and is open to opportunities in other European
countries, industry analysts believe the U.S. retailer has room to grow
in Germany because it is more focused on containing costs and satisfying
customers than its local rivals.