date:Apr 24, 2014
the best deals. Adding to its challenges, Wal-Mart lacks the scale to squeeze local suppliers on price as it has done so effectively at home.
Brazil feels hopeless, Michael Exstein, an analyst for Credit Suisse Group AG in New York, said in an interview.
This isnt the first time Wal-Mart has stumbled overseas.
The company sold its German and South Korean units in 2006, following years of disappointing results. Amid stiff local competition in China, Wal-Mart is closing 29 underperforming store