After “Sonia Gandhi made me” “Cambridge made me” “ I alike Caesar's wife” now inducing Multi-Brand Retail as Walnut giants is slavery heredity.
In 1929 Mahatma Gandhi was arrested for burning foreign cloth under the non-co-operation
movement in British Rule. Now Uma Bharti would be arrested for burning Walmart in the rule of ………..
Multi-Brand Retail as Wal-Mart have gone to countries like Brazil and failed -- the same way they've gone to countries like Korea and failed, the same way they've gone to countries like Germany, but could not smile-- mainly because of not understanding the local culture. The same fate of Multi-Brand Retail Walmart and others should be here in India.
Wal-Mart of America, the biggest retailer in the world: Acquisitions and joint venture with local businesses became a problem in nationalism country. Thus, strict governments’ rules and regulations blocked business operations. Misreading competitors and late in entry destroyed location opportunities the same as harmed relationship with local suppliers. Inadaptable to local culture become a big problem in global business. Moreover, low wages, unions and sex discrimination brought Wal-Mart to be an evil in employees’ perspective.
Multi-brand Retail Walnut foray into the German market, has so far turned out to be a”fiasco. Main reasons are:
Management by “hubris and clash of cultures”
Neither "everyday low prices" nor "excellent service"
Repeated Infringements of German Laws and Regulations
In Germany the company seems to be the prey
rather than the hunter.
According to Chinese media, Wal-Mart’s latest international failure might be Wal-Mart China – which, within its 15 years in China, has failed to become profitable.
Mighty Walmart failed to capture the hearts of South Korean consumers, ultimately withdrew in 2006 after eight years in the market.