Wal-Mart is known as the huge business industry thatis distributed across North America and many parts of Europe and Asia. According to Aanshu, Wal-Mart had their biggest business failure when they tried to compete in the retail business in Germany. The reason being is that Wal-mart misunderstood the cultural of Germany. A similar event occurred in South Korea, Wal-mart was not able to compete with Korean brand market’s sale prices as well as to provide the customers with higher quality products. Despite these problems faced by Wal-mart they were still making a net profit of $7.6 billion in 2006 which is an additional 25% from previous year.

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http://www.nytimes.com/2006/07/28/business/worldbusiness/28iht-walmart.2325266.html

http://www.nytimes.com/2006/07/28/business/worldbusiness/28iht-walmart.2325266.html

http://www.cbsnews.com/stories/2006/08/02/business/main1860028.shtml

https://blogs.ubc.ca/aanshu/2011/09/28/walmarts-dismissal-from-the-german-market/