Coresight ResearchThis week, Walmart announced that it will merge its U.K. operation, Asda, with British grocery rival Sainsbury’s. In short, Walmart International looks to be shifting its focus from West to East:The company has been in negotiations to sell its Walmart Brasil unit to buy out firms with Latin American experience, Reuters first reported in January. The U.K. Loses Its AppealThe limited appeal of the U.K. market to Walmart is evident. Even relative to the U.K. market overall, Asda has been underperforming badly. Asda Sale Will Give Walmart $4 Billion for InvestmentsUnder the terms of the Sainsbury’s-Asda merger, Walmart will be paid £2.975 billion ($4.1 billion) in cash.

Source: Forbes May 04, 2018 18:42 UTC