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Walmart is quietly retreating in Japan, Argentina, and the UK as the US retail giant pivots to more lucrative international markets


Walmart International has undergone some major continental drift in recent months. On the
retail giant s Tuesday earnings call, executives discussed the company s strategic divestments in the United Kingdom, Japan, and Argentina with investors.
Our international team has been busy transitioning the portfolio to higher growth markets, and it s working, Walmart CEO Doug McMillon said.
For the most part, that s meant divesting from less lucrative markets, and doubling down on more promising ventures around the world. In November 2020, Walmart Argentina was acquired by Grupo de Narváez, a corporation that runs retail companies in Argentina, Ecuador, and Uruguay. In the United Kingdom, Walmart completed the sale of its wholly owned grocery chain ....

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