WMT - Walmart Overpriced For Growth
Image from Forbes
Walmart (WMT) needs no introduction, they are one of the great American companies; however, Walmart's best days are over. They have expanded across the globe and like many multinational companies, the International segment does not enjoy the same economies of scale. This article articulates the subpar returns earned from International stores and how Walmart, in recognition of this, has scaled back its investment.
Economies of Scale
Walmart has 11,500 stores across the world. In the United States, 187 distribution centers serve 5,542 Walmart and Sam's Club stores. Internationally, 221