A Fall Of Wal!

Can there be a market where people don't want to buy products cheap? I mean, when the basic business model is 'Everyday Low Prices' and if the retailer does stand to deliver that, how can it end up not making profits?

It sure is an interesting news for me when I read that WalMart is selling all of its business stores in South Korea because it couldn't make profits.

Where did WalMart fail in making a judgement about its stores & sales in South Korea? WalMart has been a customer of Seoul for quite sometime taking exports like toys, apparels & home textiles. And so they especially should have a pretty good understanding of the market - Because I firmly believe WalMart is one store which has really exploited the cheaper nature of the public (I don't want to discuss what nonsense they do in the backend)! I really would like to know how this market is different & what went right/wrong here??!! Any insights?

When the driver of RFID industry, the leader of retailers - who have everything going on track as they want in US - is not able take control of the South Korean market because of the local leaders, I just wonder if such weakness of WalMart can be exploited by other local leaders too? Just see the amount of international investments WalMart is making now a days.

In March, Wal-Mart said it had lifted its ownership to 51% in Central American Retail Holding Co. and renamed it Wal-Mart Central America.
The retailer also has made two other strategic international purchases, boosting its holdings in Seiyu Ltd. to 53% and lifting its market position to No. 3 in Brazil with the acquisition of Sonae Distribuicao Brasil S.A.
--MarketWatch

Are they in the right track? Can they be stopped from becoming a leader in other markets too?