The world’s largest retailer Wal-Mart has told just-food that while it is watching the Russian retail market with interest, it does not currently have any plans to enter the sector.
Go deeper with GlobalData
“We are interested in the market,” a Wal-Mart spokesperson said today (13 January). “We view it as a very attractive retail market, but we have no plans to enter it in the immediate future.”
Local reports have suggested that the US retail giant has entered into talks with Russia’s largest retailer, X5 Group, to enter the market through a joint venture. However, Wal-Mart dismissed the recent flurry of publicity, explaining that the presence of a group of Wal-Mart executives who were speaking at a Russian retail conference has sparked media interest.
When asked whether it had been in talks with any Russian retailer regarding a partnership, the company said it was policy not to comment on rumour and speculation.
Media reports have recently linked X5 to various international retailers, including Wal-Mart, Tesco and Carrefour.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
