We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

Wal-Mart Reviews Proposed Sale Of Some Stores In Brazil

December 23, 2015: 12:00 AM EST
Wal-Mart Stores Inc. is reviewing a proposal to close about 30 stores in Brazil in 2016, according to local newspaper Valor Economico. Part of the retailer’s plan to exit poor-performing markets, the proposal also includes looking at renting some of its property in the country. Such a move would mean shutting down about 5 percent of Wal-Mart’s 588 stores in the country. In the third quarter of 2015, the retailer’s sales dropped 0.4 percent, lagging behind the performance of GPA and Carrefour.
Guillermo Parra-Bernal, "Wal-Mart considers closing 5 percent of Brazil stores: report", Reuters, December 23, 2015, © Thomson Reuters
Domains
RETAIL BUSINESS
Market News
Operations
Strategy
Geographies
Worldwide
Latin America
Brazil
Categories
Companies, Organizations
Market News
Developed by Yuri Ingultsov Software Lab.