Russia and Wal-Mart Have Started The Dance!

Hello,

I was drinking my morning cup of coffee and thinking about the news that I heard about Wal-Mart and Russia!

SPRINGDALE — Wal-Mart is exploring the retail market in Russia, with an office open in Moscow.Windows to Russia!

The Bentonville-based retailer also joined the Russian Association of Retail Companies, a trade association similar to the National Retail Federation in the United States, said Richard J. Coyle, Wal-Mart’s senior director for international corporate affairs.

“Wal-Mart has been exploring opportunities in Russia for several months,” Coyle said, and joined the retail companies association “to participate in meetings and forums” and to follow retail trends. (Link)

I have written an articles before (Link) But never really had anymore evidence other than just rumors that drift in from the locals and Reuters.

Seems that now Wal-Mart has with out a doubt made a commitment here in Russia. I am not happy about this news because I think that we have a huge discount store in Russia that serves the needs. (Link) Ашан: pronounced Auchong, is my favorite huge store and Svet and I are very comfortable shopping there.

Here is a list from the Wal-Mart sight that shows the international stores that Wal-Mart has:

Bentonville-based Wal-Mart Stores Inc. had 3,416 international stores as of Dec. 31. The market, number of stores and date of entry include:

• Mexico, 1,201, November 1991.

• Puerto Rico, 56, August 1992.

• Canada, 310, November 1994.

• Brazil, 349, May 1995.

• Argentina, 28, August 1995.

• China, 225, August 1996. The China stores include Wal-Mart’s 35 percent interest in Trust-Mart, which operates 100 stores in China.

• United Kingdom, 358, July 1999.

• Japan, 387, March 2002.

• Costa Rica, 164, September 2005.

• El Salvador, 77, September 2005.

• Guatemala, 160, September 2005.

• Honduras, 50, September 2005.

• Nicaragua, 51, September 2005.

Source: Wal-Mart Stores Inc.

So I guess that we wait and see what future Russia has with Wal-Mart!

Kyle & Svet

comments always welcome.



kKEETON @ Windows to Russia…

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