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On April 14, 2008, Walmart named German retail veteran Stephan Fanderi as president of "Emerging Markets-East" to "explore retail business opportunities in Russia and neighboring markets". In October of 2007 CEO Lee Scott confirmed that Walmart was planning on expanding into Russia but did not provide a timeline. In January of 2008, UBS global financial company claimed that Walmart would expand into Russia within 24 months according to their research.
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Fast Facts:
- Stephan Fanderi will research retail business opportunities in Russia
- Walmart Argentina opened in 1995
- Brazil opened in 1995, acquired Bompreco a Brazilian retail chain
- Canada 1994, acquired 122 stores from Woolco Canada
- China 1996
- Germany in 1997, closed in 2006
- Japan 2002, acquired Seiyu, one of Japan's largest supermarket chains
- Mexico 1991
- Puerto Rico 2002
- ASDA acquired by Walmart in United Kingdom 1999
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On April 14, 2008, Walmart named German retail veteran Stephan Fanderi as president of "Emerging Markets-East" to "explore retail business opportunities in Russia and neighboring markets". In October of 2007 CEO Lee Scott confirmed that Walmart was planning on expanding into Russia but did not provide a timeline. In January of 2008, UBS global financial company claimed that Walmart would expand into Russia within 24 months according to their research.
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Wal-Mart Russia Questions
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How many Wal-Mart stores are in Brazil? 3 Answershttp://www.shiftlogistics.com.mx/images/logo_WalMart.png The actual number of all Wal-Mart stores in Brazil is 348. Today, the company has announced a US $809 m... read more -
How fast is Wal-Mart growing in Brazil? 1 AnswerWalmart has been growing very fast in Brazil. Walmart invested 1.2 billion reias in 2008 to open 36 new stores and in 2009, they plan to invest 1.8 billion reia... read more
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When do you like to shop at Target over Wal-Mart? 6 AnswersI prefer Target over WalMart for a number of reasons. it is a bit more upscale, cleaner and the goods they carry appear to me to be of higher quality. The price... read more
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How do Wal-Mart product lines in San Paulo differ from product lines in the United States? 2 AnswersWal-Mart in Brazil currently carries many store brand products (more than 12,000) that include food, electronics, and textiles. Prices for these are generally ... read more
view more questions...
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Fast Facts:
- Stephan Fanderi will research retail business opportunities in Russia
- Walmart Argentina opened in 1995
- Brazil opened in 1995, acquired Bompreco a Brazilian retail chain
- Canada 1994, acquired 122 stores from Woolco Canada
- China 1996
- Germany in 1997, closed in 2006
- Japan 2002, acquired Seiyu, one of Japan's largest supermarket chains
- Mexico 1991
- Puerto Rico 2002
- ASDA acquired by Walmart in United Kingdom 1999
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Wal-Mart Russia News
- Topix.net: Wal-Mart Russia
- Google News: Wal-Mart Russia
- Forbes.com: Wal-Mart Seeks To Capitalize On Russia (April 14, 2008)
- CNNMoney: Wal-mart Stores Names Fanderl As President of Wal-mart Emerging Markets (April 14, 2008)
- BusinessWeek: Wal-mart Eyes Expansion to Russia (April 14, 2008)
- Reuters: Wal-Mart Hires Exec to Eye Russia Opportunities (April 14, 2008)
- ArkansasBusiness.com: Wal-Mart Names Executive to Explore Retail in Russia (April 14, 2008)
- CNBC: Wal-Mart Appoints Stephan Fanderl to Explore Opportunities in Russia and... (April 14, 2008)
- MSNBC: Wal-Mart Eyes Russia Expansion (February 12, 2008)
- Official Site: Wal-Mart Appoints Executive To Explore Retail Opportunities In Russia And Neighborhing Markets (April 14, 2008)
- Vice Chairman Mike Duke:We are exceptionally pleased to have Stephan Fanderl join Wal-Mart Stores, He has outstanding managerial skills and has successfully developed Rewe's business in Germany and eight Eastern European countries."
Wal-Mart Russia Blogs and Commentaries
- Google Blog Search: Wal-Mart Russia
- Todd Sullivan's - ValuePlays: Wal-Mart + Russia = Wow (January 24, 2008)
- BloggingStocks: Wal-Mart coming to Russia? (July 6, 2007)
- Wal-Mart Russia is currently a stub, a brief collection of the best links for this story. The page will be updated as we find more information.
- Help Mahalo complete this search! Let us know if you've found additional quality links about Wal-Mart Russia on Google, Del.icio.us, Digg or elsewhere, and we can expand this result.
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