Just recently, Walmart Stores Inc., the world’s largest retailer, announced that it is expecting to buy out Trust-Mart.  The Chinese supermarket operator is expected to be completely bought out by January when Walmart’s fiscal year is reported to end.  Walmart Stores plan on buying Trust-Mart out for about $1 billion.

Spokesman, Huang Shiying says, “Trust-Mart, a closely held chain of grocery and appliance stores, is in talks with Wal-Mart and other overseas companies.  The planned acquisition comes after the company’s sale of its German stores in July at a loss of $1 billion and its May exit from South Korea.”

With the large retailer’s ambitions for moving overseas, they had to slow down when withdrawing from Germany and South Korea.  This was after Japan’s Aeon won exclusive rights to acquire the supermarket company, Daiei, this month.  Many have thought about this new expansion in the world’s fourth-largest economy, but believe that it may counteract and then slow the U.S. sales down; therefore, strengthening Walmart’s revenue.

Thirty-one Trust-Mart stores will be purchased by Walmart and they will control over 100 shops, gradually increasing control over every aspect of the retail chain.  Walmart already operates more than 60 different stores in China and plans on opening 20 more this year.  Owning one fifth of its revenue and profit overseas, the company strives to earn and own one third.