Wednesday, September 24, 2008

Chains looking to international expansion

Perhaps because growth at home is looking difficult to attain in the short term, many chains seem to be seeking growth overseas -- here's a sampling from just the past few days:

Carrefour is planning to expand into Russia with its hypermarket format, investing $100 million over a five-year period. In addition, there are rumors that both Carrefour and Wal-Mart are interested in buying Russia's Lenta chain.

Marks & Spencer is opening a store on Shanghai's main shopping street, Nanjing Road.

Macy's is opening its first foreign Bloomingdale's outlet, in the new Dubai Mall.

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