us retailer walmart to add 115 china stores
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

US retailer Wal-Mart to add 115 China stores

Arab Today, arab today

Arab Today, arab today US retailer Wal-Mart to add 115 China stores

Wal-Mart currently has more than 400 stores
Shanghai - AFP

Wal-Mart, the world's biggest retailer, said it plans to add 115 stores in China, Bloomberg News reported on Wednesday, after earlier missteps in the massive market.

It currently has more than 400 stores and the opening would represent an increase of over 25 percent, Bloomberg quoted a statement as saying. The new outlets will include both "supercentres" and members-only Sam's Club stores.

The US retailer will also spend 370 million yuan ($61 million) to renovate around 50 existing stores in China, the report said.  

"China is a key strategic market for Wal-Mart," it quoted Wal-Mart chief executive officer Doug McMillon as saying at a briefing in Beijing. "Over the next three years, we will increase investment across our diverse business operations in China."

Wal-Mart owns a stake in a popular Chinese online grocer Yihaodian, but its own stores have faced strong competition.

Last year, Wal-Mart tightened inspections on its suppliers in China, after it was forced to recall a "Five Spice Donkey Meat" product sold domestically which was found to contain fox instead.

In an earlier case dating to 2011, Chinese authorities forced the temporary shut down of 13 Wal-Mart stores in the southwestern city of Chongqing over rule violations which included pork falsely labelled as organic.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us retailer walmart to add 115 china stores us retailer walmart to add 115 china stores

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us retailer walmart to add 115 china stores us retailer walmart to add 115 china stores

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday