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: www..com黄 | 欧美成视频 | 91porn在线 | 三级免费观看 | 插少妇 | 成人在线小视频 | 午夜久久久久久 | 国产一区二区三区在线 | www.久久精品 | 免费看一级黄色片 | 久久综合影院 | 伊人网在线播放 | 国产成人在线播放 | 91亚洲精品在线 | 日韩精品视频在线 | 亚洲视频在线播放 | 午夜在线影院 | 久草久草久草 | 国产伦精品一区二区三区照片 | 日韩免费看片 | 亚洲精品网站在线观看 | 日韩成人在线观看视频 | 国产黄色一区 | 欧美成人精品欧美一级乱黄 | 欧美成人免费视频 | www.一区二区| 国产三级在线观看视频 | 国产涩涩| 亚洲精品小视频 | 日韩午夜片| 蜜桃成人av | 我要看一级黄色片 | 色综合久久88 | 久久免费国产 | 免费观看a级片 | 三级黄色片免费看 | 色综合天天综合网国产成人网 | 国产一级二级片 | 国产精品久久久久久无人区 | 黄色片免费看 | 午夜av片 |