Welcome to Rye Country Day's Economic Blog. Here you will find perspectives by students taking Economics at Rye Country Day School. It is meant to be a forum where students can openly express their ideas and take positions on relevant economic issues. I urge everyone to participate in presenting their own ideas in an open manner so that we can all learn from each other. Regardless of whether you are currently taking Economics, everyone is invited and encouraged to comment on articles and get involved. Feel free to e-mail me, Alex Osborne at alexander_osborne@rcds.rye.ny.us , with comments or suggestions.

Saturday, December 16, 2006

Featured Entry - Wal-Mart's Expansion


Wal-Mart is going to China! Wal-Mart is the worlds largest retailer and it's expanding. They are planning on buying out 31 stores over the next 3 years. They already have 66 stores in China but they are adding more in order to become the number one retailer there. The company is growing by acquisition, which means they are buying out other stores in order for them to grow; kind of like Ned's example with the movie stores somewhere in the south. Wal-mart has been withdrawing from a few companies like Germany and South Korea, so they need to grow again. Wal-mart sells everything at low prices, their slogan is even "everyday low prices." They already do well in China so expanding is a good idea.

-Marianna daCosta
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)