Chimera
Article Abstract:
Wal-Mart is expanding in Europe, with the acquisition of ASDA in Britain, as well as German supermarkets. Promodes and Carrefour have merged in France in response to this expansion. The company ranks among the biggest three retailers in Britain, Canada and Mexico, and operates in six other non-US countries. The company has yet to penetrate the French market. Non-US sales account for 13% of Wal-Mart's revenues, while return on assets is 6%, in contrast to 39% achieved in the US. The company faces regulatory constraints, strong labor unions, and well-established competitors in Europe.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2000
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Tearaway Tesco
Article Abstract:
Tesco aims to expand the company's home shopping service, creating 7,000 jobs. The company is making a profit with this business and claims that it is the largest web grocer world wide. Online sales are accepted at 100 Tesco stores, and the company aims to increase this to 300 stores. There is a 5 pounds sterling charge which does not cover the cost of picking the stock and driving it. The company will need to invest in its software and servers in order to cope with higher levels of demand.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2000
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Amazon's amazing ambition
Article Abstract:
Amazon has become a recognized internet brand worldwide, and has more visits than any other company's website in the US. the company has a good reputation for fulfilling orders and delivery and its technology is simple to use. Customer-acquisition costs are likely to increase, according to Amazon's Jeff Bezos, and Amazon has the advantage of early entry and a good reputation. The company has expanded beyond books, but is unlikely to squeeze suppliers, as Wal-Mart is able to, and Amazon is still reporting losses, despite having achived a profit for books alone.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2000
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