Home / China-US economic relations

    Wal-Mart to open 115 stores in China

    By JACK FREIFELDER in New York (China Daily USA)

    Updated: 2015-04-30 09:05:02

    Wal-Mart Stores Inc, the world's largest retail outlet, is looking to increase its presence in China by opening 115 new stores over the course of the next three years, the company said.

    Shanghai, Shenzhen and Wuhan will be the main areas of focus for the new stores, which will increase Wal-Mart's presence in China by almost a third and create at least 30,000 jobs by 2017, according to Wal-Mart chief executive Doug McMillon.

    Plans to spend 370 million yuan ($59.7 million) remodeling nearly 50 locations and launch a mobile app linking consumers with retail outlets are also in the works for the "near future", McMillon said.

    "Our aim is to become an integral part of China's economic development," McMillion said Wednesday at a news conference in Beijing. "China is a key strategic market for Wal-Mart. Over the next three years we will increase investment, build new stores, bolster our capacity for e-commerce and continue to build on strong partnerships with our Chinese suppliers."

    With the new additions, the total number of outlets in China will reach nearly 530 by 2017.

    China is a "growing market" that Wal-Mart is attempting to show its commitment to with these recent moves, according to John Lawrence, a managing director with Stephens Inc, an Arkansas-based financial services firm.

    The news comes on the heels of a fourth quarter that saw Wal-Mart net sales in China decline by 0.7 percent, while comparable same-store sales dipped 2.3 percent.

    The company said sales in China have been affected by slower economic growth for the country as a whole and changing consumer trends, especially the shift to online shopping.

    Wal-Mart hopes to boost its role in China's growing e-commerce market by cultivating its relationship with expanding online grocer Yihaodian (YHD).

    Founded in 2008, YHD is an online business-to-consumer e-commerce grocery website that provides same-day and second-day delivery in more than 100 Chinese cities and turns over its entire inventory in 18 days, according to company officials.

    "Building the fulfillment network for fast-moving consumer goods is the hardest network to build, and that is what Yihaodian has done," said Dan Toporek, a spokesman for Wal-Mart's global e-commerce office.

    "We now have more than 2,000 people in Silicon Valley building technologies in e-commerce and mobile," he added.

    Scott Price, head of Wal-Mart's Asia operations, said the retailer would close an unspecified number of poorly performing stores after shutting 29 outlets in China last year.

    Reuters contributed to this report.

    jackfreifelder@chinadailyusa.com

     

     
    ...
    日韩爆乳一区二区无码| 最近免费最新高清中文字幕韩国| 精品久久久中文字幕人妻| 五月天中文字幕mv在线| 国产精品多人p群无码| 国产丰满乱子伦无码专区| 色噜噜亚洲精品中文字幕| 免费无码成人AV在线播放不卡 | 国产成人无码区免费内射一片色欲| 久久久久久亚洲精品无码| 亚洲VA中文字幕无码一二三区| 精品中文高清欧美| 中文字幕专区高清在线观看| MM1313亚洲精品无码| 亚洲AV无码久久精品蜜桃| 免费A级毛片无码无遮挡内射 | 欧美日韩中文字幕| 久久影院午夜理论片无码| 日韩精品无码一区二区三区免费| 国产AV无码专区亚洲AWWW| 最近的中文字幕大全免费8| 亚洲一区无码中文字幕| 亚洲AV永久无码精品一区二区国产 | 精品久久久久久无码人妻蜜桃 | 国产精品无码免费播放| 手机永久无码国产AV毛片| 无码视频在线观看| 亚洲国产成人片在线观看无码| 丰满日韩放荡少妇无码视频| 合区精品久久久中文字幕一区| 国产欧美日韩中文字幕| 亚洲国产午夜中文字幕精品黄网站 | 少妇无码一区二区三区| 中文国产成人精品久久亚洲精品AⅤ无码精品 | 中文成人无字幕乱码精品区| 亚洲中文久久精品无码| 亚洲欧美日韩中文字幕一区二区 | 潮喷失禁大喷水无码| 亚洲AV无码乱码在线观看富二代 | 人妻少妇伦在线无码专区视频| 无码人妻丰满熟妇精品区|