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Wal-Mart Beefs Up Presence Abroad

Over the coming 12 months, Wal-Mart will, for the first time, add more store square footage internationally than in the U.S., Jonathan Birchall reports, in formats ranging from 5,000-square-foot "bodegas" in Mexico to a new Sam's Club discount warehouse in Shanghai, and its first wholesale joint venture store in India. Wal-Mart now has stores in 14 markets outside the U.S., with international sales accounting for about 30% of its overall revenues.

Read the whole story at Financial Times »

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