date:Apr 29, 2014
re Wal-Mart has more than 400 stores, its looking for a better return on investment, CEO Doug McMillon said in October. Same-store sales declined 0.5% in the year ended Jan. 31, while revenue in Japan rose 0.3 percent, Cheesewright said in February.
Wal-Mart dissolved a joint venture in India last year amid internal anti-corruption investigations. The retailer also sold its South Korean unit in 2006 after years of lackluster results.