Walmart Exits Germany
Earlier during the week, Wal-Mart made a rather surprising announcement that it is exiting Germany and Metro would be taking over its German Operations.
Metro Group already with a leading share, will gain a much stronger foothold now in Germany after taking over WalMarts Supercentres in Germany. Metro only recently acquired Casions Geant Hypermarket chain in Poland. Wal-Mart on the other hand had just recently exited South Korea and now Germany.
Wal-Mart did say its rather going to focus on new and high growth markets. With this exit, Wal-Mart's international operations is expected to take a backseat.
Despite all the exits, Wal-Mart has just got the Indian Governments approval to open its office here. Retailing in India is still a barrier to overcome for international chains.











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