Walmart is to concentrate on expanding its operations in existing markets rather than entering new locations this year. However, the retailer is still looking at possibilities to enter new countries and acquire technology and other capabilities.

Walmart highlighted it has no plans at present to enter Russia but said it would not rule it out. It also unveiled plans to move towards an EDLP pricing model in China, Argentina, South Africa, India and Chile. The shift follows the roll-out of EDLP to other international operations such as Brazil.

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