George Home headed to Wal-Mart Canada
October 24, 2007-- Home Textiles Today,
Bentonville, Ark. – George Home will soon roll into Wal-Mart’s Canadian stores.
In Britain, the extension of the U.K. apparel-based brand George into bed, bath, dining and home accessories has been judged satisfactory, with 270 product “lines” averaging $20 million per month in sales, according to Wan Ling Martello, international cfo and svp strategy, who addressed Wal-Mart’s annual analyst and investor meeting earlier today in a presentation focused on Wal-Mart International.
To those concerned about the high risks undertaken by the International division, Mike Duke, vice chairman Wal-Mart Stores and ceo, Wal-Mart International, emphasized that 80% of new store square-footage expansion next year will take place in Canada, Mexico and China.
The first two are runaway success stories for Wal-Mart. More than 100 towns and communities in Canada have lobbied to get a Wal-Mart, said Martello.
In Mexico, Wal-Mart will open its first Banco Wal-Mart branch in Mexico within a few days, an initiative Martello characterized as not a “sidebar business” but another way to “serve our customers with the same value proposition” as in merchandise. She noted that 80% of the Mexican population is “unbanked.”
The bank will be Wal-Mart International’s 10th store type in a range of that includes hypermarket, superstore, supermarket, soft discount store, general merchandise store, member club, cash and carry, apparel store and restaurant formats.
Related Content By Author
Industry Related Content
Online Moves From Afterthought To Main Thought For Textiles Suppliers