Wal-Mart faces challenges and successes in global retail game
While some retailers continue struggling in the fluctuating marketplace, others have found their retail point-of-sale systems in high demand around the world.
The world's largest retailer, Wal-Mart, is experiencing both boons and setbacks. At its annual rally for international workers this week, the company will discuss how it plans to slow expansion in Brazil, improve productivity in its Chinese outlets and continue growing operations in Canada.
According CBS News, Wal-Mart has continued to expand worldwide to offset what it sees as limited growth opportunities in the U.S. While the U.S. still makes up the majority of the retailer's business, international net sales are growing. Currently, the international market accounts for 28.4 percent of Wal-Mart's net sales.
"Overall, Wal-Mart's has successfully exported its 'everyday low price strategy' to the United Kingdom, Japan, Canada, Mexico and Central America," CBS News reports. "But it's in the planning stages for South Africa, Argentina, China, Chile and India. Company officials will likely offer more details on when it plans to implement the pricing plan in the remaining countries."
Wal-Mart may also face setbacks this summer, as gasoline prices are expected to spike in the U.S. This could constrain fleets and shipping operations.
