Wal-Mart mulls German closures

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19 June 2006 — Frankfurt (GER): Wal-Mart is considering closing more outlets in Germany, reported national newspaper Welt am Sonntag.

 

In an interview, German chief executive David Wild said he could not rule out more closures following the recent closure of three stores in the country.

 

"We have some markets that are going really well and others where we are losing a lot of money," he was quoted as saying. "At the moment we are examining all the unprofitable locations. If we decide that in the longer term we cannot run some of these stores profitably, we will close them."

 

Wild dismissed plans to pull out of Germany altogether.