
A gold mine for marketers through the past decade, developing economies have lost some of their shimmer. The past year has shaved two to three percentage points off growth rates for countries such as China and India. By most projections, emerging markets are never again likely to grow as fast as they have the past two decades.
Walmart dissolved a joint venture in India last month because of regulations that would inhibit growth, Walmart International CEO Doug McMillon told analysts, though it retains 20 cash-and-carry stores there. He said the company still believes in India.
The company also downsized its global growth plans for the coming fiscal year to 14 million square feet from as much as 22 million square feet to reflect those store closings in China and Brazil.
Continue reading at AdAge.com