Wal-Mart Unveils Strategy For Regaining Growth For International Business

Wal-Mart has to create a “platform for sustainable growth in China” and revive its operations in Brazil in order for the world’s largest retailer to regain growth mode for its international division, according to Wal-Mart international CEO David Cheesewright. During an interview with the Wall Street Journal, the CEO also said Wal-Mart’s international growth strategy should also involve reenergizing its Mexico business and becoming a leader in the ecommerce segment. Cheesewright acknowledged the problems encountered by the retailer, including the slowdown in sales growth at its 6,100 international stores to 1.3 percent in the year ending January 31, 2014. Wal-Mart also has to deal with slowdowns in consumer spending in Mexico and China and regulatory uncertainties in India and China.