1.6. Based on Walmarts success in the United States, many expected the company to quickly dominate the British market after it bought the Asda grocery chain in 1999. That did not happen; Walmarts market share in groceries grew to a little more than half that of its biggest competitor, Tesco. Initially, Tescos sales and net income rose significantly while Walmarts sales and net income increased at a much slower rate. More recently, Walmart has made small gains in market share, and Tesco has had small decreases. Walmart found out that Tesco is a formidable worldwide competitor. Tesco operates almost 2,400 stores in Britain in four different formats. It has a very successful operation in Central Europe, and it expanded to the United States with Fresh & Easy stores. In Korea,...