在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

Walmart China has big plans in small cities

Updated: 2011-08-25 11:10

By Li Woke (China Daily)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

Retail giant maintained double-digit growth and quadrupled outlets over past four years

Walmart China has big plans in small cities

Ed Chan, Walmart China's president and chief executive officer  

BEIJING - When Ed Chan took over as Walmart China's president and chief executive officer in 2007, his mission was to keep the business growing in the emerging market, because the chain retailer had sold its outlets in South Korea and Germany the year before.

In 2007, Walmart Inc, the world's largest chain retailer by sales and revenue, had more than 70 stores and 30,000 employees in China. "Since 2007, Walmart China has been maintaining double-digit growth, and now, four years later, we have more than 300 stores and 95,000 employees in the country," Chan told China Daily.

Walmart entered China in 1996. "We have been growing with the Chinese retail industry over the past 15 years and we are very satisfied with our performance," Chan said.

China is an important market in Walmart's global strategy, he said. According to Bloomberg News, retail sales revenue in China is expected to grow annually by 14.5 percent to $5 trillion in 2016. With a population of 1.3 billion, the country is experiencing fast urbanization, and the Chinese government is promoting domestic consumption to obtain sustainable development of the economy.

Walmart said it will keep its focus on smaller cities in China. "So far, 80 percent of our Chinese stores are in second-, third- or even fourth-tier cities," Chan said. "I believe the lower-tier cities will see faster economic development than first-tier ones. So, Walmart China will increase its investment in lower-tier cities."

The retailer plans to set up supermarkets and Sam's Clubs, a warehouse shopping service open to members, in lower-tier cities.

Business in China currently contributes "less than 10 percent" to the company's performance outside its home market, the United States, according to Chan. But he said he is looking forward to the growing demand. Chan believes China is the world's fastest-growing major retail market and "may one day be the biggest".

In mid-August, Walmart Inc released its second-quarter report. Net sales reached $108.6 billion, a 5.5 percent increase from $103.0 billion in the same period of last year. The net sales of Walmart International, the businesses outside the US market, increased by 16.2 percent to $30.1 billion, thanks in part to its mergers and acquisitions (M&As).

   Previous Page 1 2 3 Next Page  

主站蜘蛛池模板: 中文字幕手机在线观看 | 日本理伦片午夜理伦片 | 欧美在线观看视频 | 成人毛片在线观看 | 欧美另类综合 | 日本黄色免费网站 | 一区二区在线免费观看 | 国产精品久久午夜夜伦鲁鲁 | 久久免费看视频 | 黄色免费大片 | 香蕉视频在线免费看 | 欧美一级视频在线观看 | 青青久操 | 91成年人| 日韩国产欧美 | av观看免费 | 精品日韩一区 | 在线观看欧美日韩视频 | 久久人人爽人人爽人人片 | 午夜视频在线看 | 国产视频福利 | 欧美日韩精品一区二区三区 | 97在线超碰 | 精品久久久久久久久久久 | 欧美黑粗大| 一级片免费 | 草草在线视频 | 久久久在线视频 | 69精品视频 | 黄色免费在线观看视频 | 亚洲一区亚洲二区 | 91精品国产乱码久久久 | 精品国产成人 | 在线观看日韩 | av在线播放观看 | 欧美在线免费 | 久久久一区二区三区 | 少妇高潮久久久久久潘金莲 | 日韩精品片 | 免费在线观看黄 | 操日本老女人 |