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Anyone who was around in the early 80’s to see Walmart exploding across America with one of the biggest and quickest expansions may now see something even bigger in China. Walmart expects to hire 150,000 workers in China over the next five years and could overtake the US as it’s biggest market in 20 years some are saying. I think Walmart may be something to tuck away in your portfolio if you have long term plans. Imagine them doubling revenue, and with a supply chain that is probably the best in the world, you would be a fool to bet against them.
March 18th, 2007 at 12:34 am
I thought Walmart failed in Korea and France?
March 18th, 2007 at 12:37 am
Walmart failed in Korea and France. It may repeat the same mistake if underestimate local dealers.
Anyway I have no idea what strategies Walmart is using in China.
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