The Lowdown on Down Under’s Retail Landscape The Walmart-Australia Connection: A History of Ownership The Failed Bid for Coles Myer What Australia Has Instead: Key Retail Players Why No Walmart? What are the main challenges for foreign retailers entering the Australian market? However, that doesn’t mean Walmart’s influence hasn’t touched the Australian retail market. The Walmart-Australia Connection: A History of Ownership While you won’t find a bright yellow “rollback” sign gracing an Aussie shopping center, Walmart actuallydidown a significant stake in the Australian retail scene. The correct answer is Walmart ventured into Australia by acquiring the British retail giant ASDA in 1999.