Strategy

New York - Wal-Mart Stores sees more opportunity in emerging markets than in Europe, the company’s International Chief Executive Officer, Doug McMcMillion, told Bloomberg.

“China is top of the list, and Brazil is not far behind” to make deals, McMillon said in an interview on Bloomberg Television’s “InBusiness With Margaret Brennan.” The retailer is being “patient” about finding the right way to expand in Russia, McMillon said.

Bentonville, Ark. - Wal-Mart Stores announced Monday that it is buying a controlling stake in South Africa's Massmart in an approximately $2 billion deal. The investment gives the discounter a substantial presence in South Africa and paves the way for further expansion across the continent.  Wal-Mart International president and CEO Doug McMillon made clear his company is pursuing a regional strategy.

Toronto - Opterus announced that specialty apparel retailer Roots Canada Ltd. has eliminated the use of e-mail at their stores and now remotely manages its 119 locations entirely through Opterus’ Store Ops-Center. Roots, which branded the solution Roots Ops-Center, has taken advantage of Opterus’ Web-based technologies to streamline business processes and improve communications with its stores.

Washington, D.C. - Douglas Development announced that Mike Isabella, former executive chef at Mediterranean restaurant  Zaytinya, and Bravo’s Top Chef  contestant, has leased 5,000 sq. ft. in a three-level Douglas Development-owned property at 707 6th Street, NW, in Washington, D.C.

Isabella will open a two-level Italian-inspired restaurant, Graffiato, in spring 2011.