Wal-Mart lays out China growth plan
Retail Editor 3 -- Home Textiles Today, October 24, 2013
Beijing - When Wal-Store Stores entered China in 1996, then-chairman David Glass predicted the company one day would operate more units in the country than in the U.S. Next year the company plans to add to its 397 stores there with rollouts in tier-three and tier-four cities.
The company will open 110 new stores in China over the coming three years under the superstore and Sam's Club formats, it announced yesterday. It will also remodel 45 units this year, 55 next year and 65 in 2016. Wal-Mart's recently opened distribution center in Wuhan will be joined by another DC in Shenyang. The company plans to open additional DCs next year.
Wal-Mart Stores ceo Mike Duke and Wal-Mart China ceo Greg Foran visited stores in China yesterday.
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