First defeat for WalMart? Wal-Mart, the world’s biggest retailer, pulled out of Germany after eight loss-making years
Karen Gosh
Jul. 30, 2006

It may signal that MalMart business model is not that great in a neutral matured free economy.

According to media reports, Wal-Mart, the world’s biggest retailer, pulled out of Germany on Friday, selling its 85 stores for an undisclosed price after eight loss-making years in which it tried to break into a market dominated by discounters.

The sale of its 85 stores to Metro – Germany’s largest retailer – marks Wal-Mart’s most significant international retreat and follows its decision this year to pull out of a smaller loss-making operation in South Korea. Michael Duke, Wal-Mart vice-chairman, said Germany’s business environment made it “difficult to obtain the scale and results we desire”. It will book a second quarter pre-tax loss of $1bn as a result of the sale.

First defeat for WalMart? Wal-Mart, the world’s biggest retailer, pulled out of Germany after eight loss-making years
Karen Gosh
It may signal that WalMart business model is not that great in a neutral matured free economy.
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