Home > Uncategorized > Walmart Controls The Chilean Market – Business Insider

Walmart Controls The Chilean Market – Business Insider

September 26, 2012 Leave a comment Go to comments

Three years after entering Chile, Walmart controls a staggering 34 percent of the entire market.

Walmart entered Chile in 2009 when it acquired D&S, a leading food retailer there. It promptly changed its name to “Walmart Chile” and built off the existing infrastructure.

The stunning statistic about Walmart was part of a speech made by an Indian politician Anurag Thakur opposing foreign direct investments into the country. The country’s “Big Bang” reforms will allow Walmart and other major retailers to sell directly to Indian consumers and will allow some retail stores to open there.

He gave the remarks in a speech opposing U.S. businesses entering the emerging market, the Economic Times reported. Thakur also said that Walmart has left many shopkeepers in Chile penniless and out of business.

via Walmart Controls The Chilean Market – Business Insider.

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