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Wal-Mart Finds Africa A Harder Market Than Expected

June 2, 2015: 12:00 AM EST
Wal-Mart Stores Inc.'s expansion in Africa is not going as fast as the retailer planned when it bought a $2.4 billion stake in South Africa-based Massmart in 2010. Since then, Massmart has opened fewer than 10 new stores outside its home market, way behind rival Shoprite's current 300 outlets. Wal-Mart's slow progress in Africa mirrors the problems the company has encountered as it seeks to expand its operations in 27 countries and 6,300 stores outside the United States.
Tiisetso Motsoeneng, "Wal-Mart makes slow progress navigating Africa's challenges", Reuters, June 02, 2015, © Thomson Reuters
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