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Sy Schlueter, chief executive of investment house Copernicus in Hamburg, said Wal-Mart had trouble winning over German consumers, who tend to be very price-focused and would rather drive to a different store if they know they can buy something cheaper. National discounters such as Lidl GmbH and Aldi Einkauf GmbH put the heat on Wal-Mart's sales, he said, by offering the same products at competitive prices.
Furthermore, Schlueter said consumers rejected some of WalMart's signature features, like stores outside of town centers, employees required to smile and heartily greet customers, or baggers at checkouts.
Originally posted by GradyPhilpott
It's the Germans' loss.
Long live Wal-Mart!
This is a little off-topic, but in my city, Wal-Mart is highly successful because they have the lowest prices in town. By a far margin, too.
I just don't understand how they could get out-priced overseas.