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Wal-Mart is now mounting a bold expansion that could double its sales within just five years, to $ 480 billion. Some of that growth will come in new markets outside the U. S. , where 1,200 stores in nine countries already account for about 16% of the chain’s total sales. But even more growth will be won as the chain insinuates itself into more U.S. neighborhoods and invades more product categories.
If you think Wal-Mart already sells just about everything, think again. Think PCs, ceiling fans, more fashionable clothing, gasoline and even cars. "Their goal is to have a 30% share of every major business they arc in," says Linda Kristiansen, a retail analyst for UBS Warburg Equity Research. If there’s no Wal-Mart store near you, just wait. If you shop at Wal-Mart, expect your store to get bigger or a new store to open even closer. The chain plans to expand from 3,400 U. S. locations to day-half of them in the South--to a nationwide
A. They feel content with their progress.
B. They are optimistic about their development.
C. They plan to expand their business.
D. They are worried about their future.
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Wal-Mart is now mounting a bold expansion that could double its sales within just five years, to $ 480 billion. Some of that growth will come in new markets outside the U. S. , where 1,200 stores in nine countries already account for about 16% of the chain’s total sales. But even more growth will be won as the chain insinuates itself into more U.S. neighborhoods and invades more product categories.
If you think Wal-Mart already sells just about everything, think again. Think PCs, ceiling fans, more fashionable clothing, gasoline and even cars. "Their goal is to have a 30% share of every major business they arc in," says Linda Kristiansen, a retail analyst for UBS Warburg Equity Research. If there’s no Wal-Mart store near you, just wait. If you shop at Wal-Mart, expect your store to get bigger or a new store to open even closer. The chain plans to expand from 3,400 U. S. locations to day-half of them in the South--to a nationwide
A. To show the importance of these three cities.
B. Because Wal-Mart has been successful in these cities.
C. Because these cities have great potential.
D. Because these cities represent the whole world market.
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Now that many media chieftains have fallen into disrepute and have left, those who are still in positions feel the need to take the problem seriously.
"CEOs were overturned as were some stocks." That is how AOL Time Warner entertainment group Chairman Jeff Bewkes summed it up. The era of the "imperial" (one-man rule) CEO has come to an end, MTV Networks Chairman Tom Freston added.
The two executives agreed that the industry’s complex and often ill-fated megs mergers had proven that bigger is not necessarily better, no matter how big the reputations of the personalities behind them.
The continuing flameout of media executives who a few years ago were hailed as visionaries was active this month, and the industry’s fears reached into the executive ranks of music, publishing and TV.
Technology visionary Steve Case left as chairman of AOL Time Warner, replaced by Chief Executive Richard Parsons. Top
A. extravagance.
B. promotion,
C. merger.
D. resignation.
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