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.
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
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.
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
</note>
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)
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