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

Wal-Mart to open 60 new stores by 2017

By Wang Zhuoqiong (China Daily) Updated: 2016-04-08 07:45

Wal-Mart to open 60 new stores by 2017

A cashier at a Wal-Mart outlet in Shanghai.[Provided to China Daily]

Part of retailer's effort to integrate businesses in a tough market

Wal-Mart China is opening 60 new stores in the country by 2017 as part of its efforts to integrate its hypermarkets, membership stores and online platform to offer customers more convenience and quality products in a highly-competitive retail market, the company's top executive said.

Greg Penner, chairman of the Wal-Mart board of directors, said in an exclusive interview with China Daily in Shanghai on Wednesday that the company has already opened more than 50 new stores since a plan to add 115 stores in three years was announced in 2015.

"China has amazing growth opportunities which in the next five years will surpass the US market in retail potential," said Penner, who visited two Wal-Mart stores in Shanghai on Tuesday.

In addition to growing its physical presence, Wal-Mart is also focusing on enhancing its online stores and building stronger digital relations with Chinese customers, he said.

Penner was elected to lead the board in 2015.

"Customers want their products from stores and also from online platforms and now have a choice of getting them delivered to their homes or picking up in the stores," Penner said, referring to the increasing importance of online shopping convenience to customers.

Wal-Mart to open 60 new stores by 2017

Greg Penner, chairman of Wal-Mart board of directors.

He added: "The food safety is critical in China and is a big part of our focus here."

Penner said, in 20 years in China, Wal-Mart has built three brands-Wal-Mart hypermarket, the Sam's Club membership store and Yihaodian, the retailer's Chinese online offering-all playing important roles in the company's growing business.

Wal-Mart China operates 432 stores including 12 Sam's Clubs in 174 cities and municipalities. And registered users of Yihaodian have reached 130 million.

Wal-Mart is the second-largest retail banner just behind RT-mart in modern trade (including hypermarkets, supermarkets and convenience stores), according to Jason Yu, general manager of Kantar Worldpanel China. This sector of retail business has continued to experience sluggish growth in 2015, only growing by 3.3 percent from 2014.

Hypermarkets declined in key cities and provincial capitals by 1.5 percent, but it managed to grow at 4.1 percent at national level as a result of more store openings in the lower-tier cities. Kantar Worldpanel expects to see continued development in the hypermarket format in lower-tier cities in the coming years.

"The group presented clear strength in terms of hypermarket geographic coverage (more cities than anyone else) but also established its leadership in membership club format and e-commerce through acquisition of Yihaodian," said Yu.

According to Kantar, Wal-Mart leads the modern trade sector in southern and western China. It started to embrace more O2O opportunities by launching a mobile shopping app and introducing Alipay to drive efficiency and customer experience, said Yu.

Wal-Mart has recently launched its Global Shop, a cross border e-commerce platform, offering more than 200 imported items on Wal-Mart App.

Wal-Mart to open 60 new stores by 2017

Hot Topics

Editor's Picks
...
金华市| 塘沽区| 增城市| 微博| 济宁市| 观塘区| 抚顺县| 岳阳市| 嘉黎县| 乐都县| 威宁| 房产| 泽库县| 斗六市| 赤城县| 昌乐县| 灌云县| 绥芬河市| 徐汇区| 涟水县| 杭锦旗| 乌审旗| 北京市| 铜川市| 临武县| 武宁县| 兴安盟| 富平县| 临澧县| 赣榆县| 永靖县| 马山县| 陈巴尔虎旗| 南丰县| 屏边| 元阳县| 合肥市| 容城县| 宾阳县| 阿城市| 中卫市|