NEW YORK (Reuters) - Wal-Mart Stores Inc. (WMT.N: Quote, Profile, Research) is considering acquisitions in its home market as it seeks to open smaller stores and limit its reliance on giant supercenters for growth, the Financial Times reported in its online edition.
The move is seen as a response to the imminent opening in the United States of Tesco’s (TSCO.L: Quote, Profile, Research) “Fresh & Easy” neighborhood grocery markets, the report said.
The world’s largest retailer is seeking an executive to assess the “strategic implications of any possible M&A on our overall portfolio,” according to a Wal-Mart job posting cited by the FT.
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