WUPPERTAL, Germany -- It has been a rough ride here for even the largest of retailers -- Wal-Mart, and its $32 billion international business. After three years, however, the Bentonville, Ark., mass merchandiser appears to be getting a handle on the German market.
"Led by new Chief Executive Officer [of Wal-Mart Europe] Dave Ferguson, [German] operations continue to improve," said Jeff Feiner, an analyst with Prudential Securities, New York, in a research note.
Wal-Mart plucked Ferguson ...
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