国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Companies

Sean Clarke named as head of Wal-Mart's China operations

By Wang Zhuoqiong (China Daily) Updated: 2014-04-26 07:25

Sean Clarke named as head of Wal-Mart's China operations

Wal-Mart Stores Inc said on Friday it had appointed Sean Clarke as CEO Wal-Mart China. He is currently chief operating officer in the country.

Clarke's predecessor Greg Foran will head Wal-Mart's Asia unit. The changes come as the world's largest retailer changes its China strategy toward quality from rapid expansion and quantity.

Its strategy in the country brought annual sales growth of 24.5 percent last year and a place among the country's top-three retailers, according to an industry report. Wal-Mart increased its store units 3 percent in China last year. It plans to open 110 new facilities in the next three years even as it is closing unprofitable outlets.

The closures represent up to 9 percent of Wal-Mart's total store portfolio and 2 to 3 percent of total sales volume through next year. Wal-Mart will continue seeking steady growth and quality development in China, it said.

Sean Clarke named as head of Wal-Mart's China operations

Wal-Mart to shut down its outlet in Hangzhou
Clarke's career with Wal-Mart spans almost 15 years.

Foran joined the retailer as its head of China operations in October 2012. His career began in New Zealand and Australia.

Wal-Mart said of Foran: He "created the strategic framework for change and the strategy to strengthen our business. He focused on issues that were important to customers, addressed the profitability of the business and long-term growth."

Research from Kantar World-panel China this month showed that Wal-Mart has narrowed the gap with rival hypermarket operator Sun Art Retail Group Ltd.

"Greg (Foran) was successful in his role and he has been focusing on driving more quality store growth instead of opening more new stores in China since he came on board," Jason Yu, general manager of Kantar World-panel China, said.

Ben Cavender, senior analyst of China Market Research Group, said Wal-Mart's focus on remaining profitable by closing down loss-making stores and developing the rest will help it sustain its position in China's retail market that is getting tougher due to rising costs, including those for labor.

He noted the US retailer's progress in procurement and sourcing, as well as its introduction of various formats including the Sam's Club for high-end consumers and its Yihaodian website for online buyers in China, which have contributed to the better performance. The retailer opened two Sam's Clubs in Hangzhou and Suzhou, bringing the total number in China to 10 and expects to open more in the next three years.

Yihaodian.com posted a 77 percent increase in sales in 2013. The number of registered users almost doubled to 57 million by the end of 2013.?

Hot Topics

Editor's Picks
...
...
陵水| 遂昌县| 利川市| 花垣县| 定安县| 禹州市| 潜山县| 兴城市| 赤峰市| 宁夏| 理塘县| 九龙坡区| 焦作市| 泗洪县| 清苑县| 兰州市| 谷城县| 白沙| 泰安市| 新宾| 红原县| 辽宁省| 潞西市| 泰顺县| 都安| 清镇市| 嘉荫县| 昌都县| 邵东县| 静海县| 沅江市| 新和县| 会同县| 同心县| 兖州市| 乳源| 肇源县| 随州市| 子洲县| 武强县| 蕲春县|