Wal-Mart (WMT) Looks to Increase Presence in Japan
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Price: $115.33 +0.87%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.2%
EPS Growth %: +8.8%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.2%
EPS Growth %: +8.8%
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Wal-Mart Stores Inc. (NYSE: WMT) is looking to make acquisitions in Japan in a move designed to reduce its cost base in the country.
The world's largest retailer has been looking to increase its focus on international business, the fastest growing segment for the company right now, as sales in the U.S. are continuing to be constrained by economic hurdles.
"We are interested in growth and willing to increase market share through M&A," said Scott Price, the president and CEO of Wal-Mart Asia, in an interview. "We do need scale and we have been very open about it. We want to take over stores where the current operator is not successful and wants out, or acquisitions that fit our model and are not troubled."
Japan currently is one of the largest retail market s int he world,but remains very fragmented with no retailer owning significant market share. This opens a door for Wal-Mart in the country.
The world's largest retailer has been looking to increase its focus on international business, the fastest growing segment for the company right now, as sales in the U.S. are continuing to be constrained by economic hurdles.
"We are interested in growth and willing to increase market share through M&A," said Scott Price, the president and CEO of Wal-Mart Asia, in an interview. "We do need scale and we have been very open about it. We want to take over stores where the current operator is not successful and wants out, or acquisitions that fit our model and are not troubled."
Japan currently is one of the largest retail market s int he world,but remains very fragmented with no retailer owning significant market share. This opens a door for Wal-Mart in the country.
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