WAL-MART China Plans To Open 500 Stores And Cloud Stores In 5 Years.
In November 21st, relevant media learned that WAL-MART China announced at its developer conference that it plans to open 500 new stores and cloud stores in China in the next 5-7 years, including WAL-MART shopping plaza, Sam member store and WAL-MART community store.
It is understood that WAL-MART continues to increase investment in the Chinese market. In addition to opening new stores, it will upgrade and upgrade 200 existing stores in the next 3 years. It will be more prominent, fresh and economical through the differentiation advantages of fresh food and its own brand, the full channel digital experience and changes in format.
It is understood that at present, WAL-MART has opened more than 50 cloud stores nationwide and 8 WAL-MART community stores.
The Chinese market is playing a more and more important role in WAL-MART overseas. Recently, WAL-MART's three quarter earnings report showed that its total sales in China increased by 6.3%, and its sales increased by 3.7%, which is first of WAL-MART's sales performance over the past five years. Driven by the growth of fresh and full channel sales, sales of Sam's member stores increased by two digits.
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