retail news in context, analysis with attitude

• The Boston Herald reports that “even as it plans to open a first-in-the-region Wal-Mart Market in Somerville, representatives for the world’s largest retailer said the company is still aggressively scouting Boston locations, despite Mayor Thomas M. Menino’s unrelenting opposition.”

Business Report writes that the South African government wants Walmart to quintuple its supplier development fund from 100 million rand to 500 million rand ($15 million US to $75 million US) as part of Walmart taking a controlling stake in Massmart there. The deal already has been approved and Walmart has taken operational control of the company, but some elements in the country continue to look for new concessions from Walmart.
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