Wal-Mart has plans to grow its market share in the United Kingdom through new acquisitions, same store expansions, and by opening smaller, neighborhood operations, company officials said today.
During the next five years, the Bentonville-based retail giant said that through its Asda Living brand it would open 150 new outlets aimed at providing household items and goods. Wal-Mart also hopes to add 100 supermarkets up from the 22 stores it now has.
But acquisitions may make for the quickest route to British expansion, where Wal-Mart’s stores are number two in market share.
“We can still acquire our way into geographic locations where we wouldn’t have a presence today,” said Wal-Mart CFO Tom Schoewe.