The story of retailer Wal-Mart Stores, Inc.'s (NYSE: WMT) growth in the last 18 months or so has not been well-received by the market or many of the company's larger shareholders. Add that to the fact that Wal-Mart shares have not really moved anywhere in the last 60 months and you have to wonder if the company will ever be able to get back to the growth it witnessed in the late 1990s. Can such a large company maintain torrid growth? If history serves, it's very hard to perform such an action. Scratch that -- it's virtually possible.By now, even Wal-Mart has said as much -- more than the ubiquitous Supercenter will be needed if the retailing behemoth is to grow in the U.S. market, which is its largest by far. Other global retailers are competing just fine with the retailer in markets outside the U.S., with Europe's Tesco being one of them. In fact, Wal-Mart took a different turn in 2006 by joining with or buying competitors in China (Trust-Mart) and India (Bharti) to gain an instant foothold in those growing markets.
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