Wal-Mart, Asda’s American owner, has said there are still “extraordinary opportunities” in the business world despite the global economic turmoil.
Chief executive Lee Scott told investors that the company will show aggression should opportunities come its way, reports the Financial Times.
Scott said that Wal-Mart could take advantage of smaller business problems and acquire land if these firms are to fold.
He commented: “There are probably things that the government might allow you to do that they would not have allowed you to do in the past.”
There is a chance the retailer could obtain some “very good rents”, Scott added.
Last week, Wal-Mart said it is going to scale back store openings in the US and will instead redevelop its existing outlets.
