Wal-Mart plans to open 30 new stores in China, with more than 370 million dollars to upgrade

Shenzhen News (reporter key) yesterday, the reporter learned from Wal-Mart (China) Investment Co., Ltd. that this year, Wal-Mart plans to open about 30 new stores in China, including 2 to 3 Sam member stores, and will also invest more than 370 million yuan for the upgrading of about 50 stores.

Sean Clarke, Wal-Mart's China president and chief executive, Kojun: "Wal-Mart is confident in the Chinese market, whether it is to expand the market in the first tier cities or to serve more deeply in the emerging cities of China, Wal-Mart will focus on innovative and optimized customers and members of Sam's store to serve the big stores. According to Nielsen data, Wal-Mart has achieved market share growth in the hypermarket category for 8 consecutive quarters as of December 31, 2014.

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As Wal-Mart's high-end warehousing membership store, Sam's member store opened its 11th store in Wuhan at the end of last year. Last year, 3 of Wal-Mart's top 4 stores in the world were located in China, and the 3 stores were all Sam's member stores, and Sam's Shenzhen Futian store was the first in a row for the seventh consecutive year of global sales.

Sam first entered China in 1996 and opened its first store in Shenzhen. Sam's own brand "member excellent products" since the second half of 2004 comprehensive upgrade, not only is the commodity further subdivided to more than 200, and its quality requirements and production process has been continuously improved. Sam also raised the hope that in the next 3 years the proportion of private-label products to 20%.

In addition, Sam will continue to rely on the advantages of global sourcing to provide consumers with more direct imports from the world's best place of origin.

Last year Wal-Mart's "Best employee of the Year" award was won by Hu Shaopo of the supply chain team in Shenzhen Distribution Center, and he emerged from many Wal-Mart employees because he led the team to improve the handling capacity of the distribution center, to actively promote the optimization of the transit goods project and to demonstrate leadership in the face of In the end he will be invited to participate in a shareholder meeting in the United States with other award-winning staff representatives.