Headlines

Walmart Eyes Sale of International Unit

Said to be in talks to sell its Latin America division

Published

6 years ago

January 23, 2018

kmpeyton

Walmart Stores Inc. (Bentonville, Ark.) is reportedly in talks to sell its Latin American international unit, which is headquartered in São Paolo. The speculation further highlights the retailers recent push to bolster its e-commerce efforts.

The deal is purported to be a buyout from Advent Intl. Corp. (Boston) and is viewed to be a response from Walmart to its weak performance in the international market. Women’s Wear Daily reports that a source familiar with the situation commented that the talks are in a “very preliminary” phase. Walmart declined to confirm or deny the news with WWD.

Earlier this month, the mass merchant raised its hourly wage of full-time employees to $11 an hour, an announcement that was quickly overshadowed by its swift and sudden decision to shutter 10 percent of its Sam’s Club stores, totaling 63 closures.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design