Fledgling Democracies

Anyone still wondering if Russia really matters again yet should consider the case closed: Wal-Mart is interested in expanding to the Russian market.

The mega-chain has hired a German retailing veteran, Stephan Fanderl, to “explore retail business opportunities in Russia and neighboring markets.” The company CEO says a timeline has not been established, but experts suspect it will take about two years.

Wal-Mart’s international sales grew 17 percent last year, compared to 6 percent in the U.S., so the foreign focus is not altogether surprising.

This entry was posted on Monday, April 14th, 2008 at 3:28 pm and is filed under Business, Russia. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.