Wal-Mart considering expansion into Russia
From the Associated Press
Wal-Mart Stores Inc. said it was interested in moving into Russia after strong growth in retail spending there.
Wal-Mart’s international division is smaller but is growing faster than the company’s flagship U.S. business. Russia would mark another move into large but underdeveloped markets such as Latin America and China, where it is already established, and India, where Wal-Mart plans to open stores with a local partner.
Bentonville, Ark.-based Wal-Mart typically moves into new regions by teaming up with a local company.
