Friday, July 28, 2006

My kind of town...

Chicago isn't.

Now that the City Council has voted to destroy any hope of profitability to Wal-Mart stores located within the city limits, maybe they'd like to see what happened in Deutschland:

FRANKFURT - The world biggest retailer Wal-Mart Stores Inc said Friday it was pulling out of Germany and selling its stores to Metro AG after it battled for to make a profit in Europe's biggest economy.

...."We have not achieved a turnaround," A Wal-Mart spokeswoman said. In a statement Michael Duke, Wal-Mart vice chairman said: "As we focus our efforts on where we can have the greatest impact on our growth and return on investment strategies, it has become increasingly clear that in Germany's business environment it would be difficult for us to obtain the scale and results we desire."


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