Wal-Mart eyes expansion into Russia

[Doondoo]

Wal-Mart Stores Inc. is interested in moving into Russia after strong growth in that giant country's retail spending, the world's largest retailer said today.

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 like Latin America and China, where it is already established, and India, where Wal-Mart plans to open stores with a local partner company.

Angela Hofmann, a spokeswoman for Wal-Mart International, said Wal-Mart has been watching the Russian retail market for several years and likes what it sees.

"We've been watching impressive growth and it has piqued our interest," Hofmann said. "We are definitely interested in the Russian market."


http://www.chron.com/disp/story.mpl/headline/biz/4546956.html

[manic expression]

1. We need Lenin back

Capitalism is going to rape yet another country.

*sigh*

[formerrepuke]

2. "BAL-MAPT" coming to Russia..same crap, different country....n/t

[gratuitous]

3. Here we go at last

Toe to toe with the Russkies! Send out Wing R for Romeo and alert Major Kong to target the weather ship at Tango Delta. All out nucular confrontation.