Today, the Wal-Mart Canada Home Office is with over 278 locations employing

more than 70,000 Canadians. Petitions continue to come in from across Canada asking
that Wal-Mart stores be built in their towns. Wal-Mart Canada will continue to open new
stores and make changes to better serve its customers. Wal-Mart Canada store associates
are celebrating the success of their prior fiscal year by sharing a record $45.4 million in
bonus payments, based on company and store goals. This represents the company's
greatest bonus pay-out in its 14-year history.

Wal-located in Mississauga, Ontario, Mart de Mexico is a major retail chain in

Mexico. As of April 30, 2008, it operates 1,044 units throughout 177 cities nationwide,
including self-service stores, membership wholesale clubs, apparel stores, and
restaurants. During 2007, the Company created 15,728 permanent new jobs, reaffirming
their position as one of the largest employers in the country. There are now more than
157,000 associates, and each day they find new development opportunities in an
atmosphere of gender equality, and apply these talents to serving their customers.

In the United Kingdom, Wal-Mart took over Asda in June 1999 and now has some 259
stores and 19 depots across the UK. Insiders said that the two companies were a perfect
match. In fact, Wal-Mart is now importing Asda's clothing line George, into its U.S.
stores. In the UK, Wal-Mart has announced plans for 10 to 12 new stores per year, with
the company hoping to create in excess of half a million square feet of new retail floor
space per annum for the foreseeable future.

Wal-Mart plans were to become the biggest food retailer in England by 2005, surpassing
current market leader, Tesco's. This goal could not be met by growth alone, so it meant
acquisitions. Asda bid to buy Safeway, currently the fourth largest food retailer and
eventually will bid for the rival company Somerfield. It's all about being able to expand
in parts of the UK where our model is not yet available.

India and Japan

Wal-Mart cannot enter the Indian market directly. This is because current regulations
pertaining to foreign direct investment. The government did relax some rules last year by
allowing "single-brand" retailers such as Nike or Gucci to own 51 percent of their
business operations in India. But this still precludes market entry to global merchants like
Wal-Mart that sell a variety of brands. In line with what is permitted under existing
guidelines, Wal-Mart will focus on the back-end supply chain management, giving Bharti
access to its knowledge in information systems, logistics and supply chain management.
India's widely awaited move to open up its $300 billion consumer market to overseas
retailers seems to have hit a speed bump, which regional experts say could bring more
scrutiny of Wal-Mart's move into the world's second-most populous country.

Several Indian newspapers, including the Economic Times, have reported that Sonia
Gandhi, president of the Congress Party, which heads India's coalition government, has
asked Indian Prime Minister Manmohan Singh to reassess how further relaxing foreign
direct investment rules could affect the country's family-owned retail businesses.
The debate over how big retailers like Wal-Mart can invest or operate in India boils down
to simply what proponents are saying about opening up the retail sector to outside
investors. This is sorely needed to help India create more jobs, boost exports and improve
its transportation and other infrastructure. But opponents, mainly left-leaning parties who
support but aren't part of the coalition government, argue it would hurt the economy and
destroy jobs since about 97 percent of the Indian retail market is mom-and-pop
businesses.

India is already Wal-Mart's fastest growing sourcing market. More significantly, the
world's largest retailer has identified India, the second most-populous nation and fourth
largest retail market, as a huge growth opportunity, especially as its home market
becomes increasingly saturated.

After almost five years since Wal-Mart, Stores Inc. landed in Japan, the world’s largest
retailer has yet to find itself on steady ground. Its 53 percent-owned local unit Seiyu Ltd.
has posted five straight years of losses, has not paid a dividend for a decade, and has lost
three quarters of its stock market value since Wal-Mart first invested in the Japanese
supermarket chain.

The U.S. retailer quit South Korea and Germany last year to focus on China and other
promising areas, prompting speculation it would also desert Japan in the manner of
France's Carrefour, which sold its stores to Aeon in 2005.
Some analysts say Wal-Mart should either give up on Japan, where it has invested a total
of more than $1 billion, or buy the whole of Seiyu to speed up an overhaul.
Others say Japan's $1.1 trillion retail market -- the world's second largest after the United
States -- is too big to pass up for Wal-Mart's international expansion dream.
Overseas expansion is key to Wal-Mart's future. International business now generates
more than one-fifth of sales and is growing fast. Sales overseas rose 30 percent while
revenues at its U.S. division increased 8 percent in the year ended January 2007. Seiyu
makes up 12 percent of its international sales, according to Citigroup.
Many foreign retailers have struggled in the Japanese market, hampered by fickle
consumer taste, fierce competition and prolonged depression in consumer spending.
Besides Carrefour, retailers like Britain's Alliance Boots and French cosmetics chain
Sephora have pulled out of the market in the past.
Japanese consumers, whose refrigerators are typically about two-thirds the size of the
average U.S. model, tend to buy groceries more often and in smaller amounts.
Wal-Mart's strategy initially did not agree with Japanese customers, who tend to associate
discount prices with low quality, and the U.S. retailer's systems did not work well in
Japan's complicated retail networks.

Seiyu has bled red ink since Wal-Mart marched in, while local rivals such as Seven & I
Holdings and Aeon took advantage of the country's economic recovery and started to gain
more buying power via acquisitions. Wal-Mart Japan also is hampered by poor locations
and a lack of services such as finance and speciality stores that have been growth drivers
for rivals, said Citigroup analyst Deborah Weinswig in New York.