The Global Wal-Mart

In economic development, we have always thought of retail trade as a LOCAL industry. THat is changing. Ask Wal-Mart.

The global retail game is changing. While players surged into new markets in 2004, this year they are more focused on rebalancing their positions. In the past year, for example, at least 15 retailers moved into new geographic markets, while more than 10 retailers exited countries during the same period. Carrefour is withdrawing from several markets, while Tesco holds the record for being the fastest growing retailer outside its home market. Ahold is almost out of the global game, while Wal-Mart has been busily opening new stores outside its home country every few days. Here for more.