Wal-Mart's Int'l Failures

"Wal-Mart Finds That Its Formula Doesn’t Fit Every Culture" NYT 8/2/06

Wal-Mart’s problems are not limited to Germany. The retail giant has struggled in countries like South Korea and Japan as it discovered that its formula for success — low prices, zealous inventory control and a large array of merchandise — did not translate to markets with their own discount chains and shoppers with different habits.

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