Walmart 2008 Annual Report Download - page 8

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Wal-Mart International
Wal-Mart International’s net sales from
continuing operations were $90.6 billion,
up 17.5 percent from the previous fiscal
year. During the year, several countries
consistently had strong performances,
including the United Kingdom, Brazil,
China and Argentina.
The International segment is guided by
three strategic initiatives:
• create shareholder value through
portfolio optimization
• enhance Wal-Mart’s global leverage
• win in each market
The management teams in each country
are focused on achieving specific sales
objectives, capital expenditure eciency and
improved operations. Established markets,
such as the United Kingdom and Canada,
are producing signicant operating cash
flow, while developing markets, such as
Brazil and China, are delivering outstanding
levels of growth.
Across the International segment, we
are leveraging best practices, lessons
from multiple-store formats, and global
procurement practices. In addition,
relationships with key global suppliers
continue to help us leverage our volumes
across countries.
Winning in each market is about market
leadership. Either we are number one in a
market, or we must dene a clear path to
achieve this goal. The good news is that,
to date, we are winning, or see a path to
winning, in our existing markets.
In the United Kingdom, ASDA achieved
above-market growth every month during
scal year 2008. Despite a tougher economic
environment, Mexico gained customers for
the year. Brazil continues to grow market
share as well, especially as it expands the
soft discount formats. Canada’s supercentre
expansion helped drive very strong
increases in customer count and average
ticket. New store openings and strong
comparable store sales led Wal-Mart China
to improve its market position. And, in
Japan, the Company concluded the tender
oer for Seiyu in December 2007, increas-
ing its ownership to above 95 percent.
Wal-Mart International
Highlights for Fiscal 2008
• Grew sales by 17.5%, to $90.6 billion
• Increased segment operating income
by 11.8%, to $4.8 billion
• Opened 3,000th International unit
• Added 101 locations in China through
the Trust-Mart transaction
• Formed joint venture with Bharti
Enterprises in India
• Opened rst Walmex bank in Mexico
• Strengthened leadership teams
throughout Wal-Mart International
Online Grocery
U.K. shoppers love ASDA’s online grocery aisles
that let them ll up their trolley and then have
everything delivered right to their door.
Global Growth
Wal-Mart China added 28 units
during the scal year.
Price leadership in our stores and clubs
6