KEY POINTS:
Wal-Mart, the world's biggest retailer, will pay about US$1 billion to take over Chinese chain Bounteous, challenging Carrefour as the largest operator of super-centres in China, which has a US$1 trillion retail market.
Wal-Mart, the world's biggest retailer, will pay about US$1 billion to take over Chinese chain Bounteous, challenging Carrefour as the largest operator of super-centres in China, which has a US$1 trillion retail market.
How has New Zealand's oldest department store outlasted its competitors? One word: family.