Walmart is not the only major international retailer to pull out of Russia in recent years after failing to establish a viable business in the country. In October 2009, French retail giant Carrefour announced it was pulling out after opening just one shop in Moscow and another in the southern city of Krasnodar.
The discount retail sector in Russia, where Walmart operates, is severely underrepresented.
There are only two international hypermarket chains, Auchan and Real, operating in this sector, so the market is certainly not saturated. Walmart International CEO Doug McMillon said that Walmart will continue to pursue market entry opportunities
Source: en.rian.ru