Jim Cramer mentioned Staples in his Mad Money program today. He is talking about Staples (SPLS) traded at a discount although it’s the best in the breed among office supplies companies (vs. Office Depot and Office Max) . A caller asked him the international growth prospect. Interestingly, I saw an advertisement board of Staples along Yan An Road express way in Shanghai (note: unlike previous photos, the following photo is clickable).
Do you know the lady in the ad? Hint, she is a famous TV personnel.
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Separately, Walmart China is in the news because they are buying Trust-Mart (好又多), there are many English news source on this. Here is a Chinese one.
It’s interesting to see, besides Yum Brands (KFC, Pizza Hut & Taco Bell) and Starbucks (SBUX), those two US retail giants are counting on China for growth.