Monday, July 31, 2006

Retail: Wal-Mart eyes Australian market

Wal-Mart, is reportedly looking at moving into the Australian market. According to a report in the the UK's Sunday Telegraph, executives from Wal-Mart recently visited Australia to look at possible targets.

Coles Myer, and Woolworths, were reported to "have been identified as likely candidates".

There has been no comment from the retail giant but it is believed any deal was some time off.