Wal-Mart Puts Expansion In India on Back Burner and 2 Other Dow Movers to Watch
Wal-Mart Stores Inc. (NYSE:WMT): Current price $73.28
According to the Financial Times, Wal-Mart has experienced a setback and is putting its expansion in India on hiatus as it has not added a wholesale shop — or what is called cash-and-carry — to its 20-store lineup since late October, adding that it debuted its first such location in 2009 in a joint venture with Bharti Enterprises.
A Bharti division, which operates the Easy Day convenience stores with technical and managerial support from Wal-Mart, also has not opened any stores since November, according to the newspaper. It also reported that Bharti has terminated leases on over a dozen locations during the past few months that would have become new stores.