Walmart 1997 Annual Report Download - page 16

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gnes Seto will be the
first person to tell you.
“I consider myself
very fortunate to be
part of the Wal-Mart International
family,” Seto said. “I am having
much more fun than before.”
She leaves no doubt about
that, at least when it comes to
her job. After a long career with
the Woolco chain in Canada,
Seto is now a buyer with
Wal-Mart Canada in Toronto.
Wal-Mart acquired 122
Canadian Woolco stores
in 1994, and immediately
embarked on a multimillion-
dollar plan that saw the stores
revamped and remerchandised
in less than a year. Wal-Mart
Canada has already become
that nation’s No. 1 discount
chain, and is on the verge
of becoming Canada’s largest
retailer of any sort.
And Canada is just one of
the seven countries worldwide
in Wal-Mart’s international
expansion. With more than
50,000 associates and over 300
locations outside the United
States, Wal-Mart is already
serving some 5 million
customers every week.
The International Division was
profitable in fiscal 1997,
driven
by a strong fourth quarter.
And
the division’s profitability is
expected to improve this year.
14
A
A‘ GLOBAL BRAN D’
A ‘ GLOBAL BRAN D’
INTERNATIONAL
Even in Shenzen, China, “Wal-Mart” translates to value.
WAL
-
MART
:
HOMETOWN
VALUE IN ANY
LANGUAGE