Friday, July 28, 2006

Walmart German Retreat

Walmart (NYSE:WMT) has sold their German operations. No specific reasons were given other than a general comment about the fit no longer fitting. Not that long ago they also retreated from South Korea. So much for global domination. Walmart needs to make some public statements about how they view their global operations. Investors need to be concerned about retailers who cannot do well in economies where the public has money in their pockets. Does everything have to be a complete monopoly or Walmart cannot play.