日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business

Walmart to open 500 stores, depots in Chinese mainland over next 5 years

By WANG ZHUOQIONG | CHINA DAILY | Updated: 2019-11-22 00:00
Share
Share - WeChat

Global retail giant Walmart is planning to open more than 500 new stores and depots (smaller warehouses) in China during the next five to seven years and revamp 200 existing stores in three years, according to a top company official.

The US firm's expansion plan comes at a time when foreign retailers like France's Carrefour and Germany's Metro Group have exited the Chinese mainland amid an increasingly tough retail environment. Walmart, on the other hand is looking to add more smaller-sized stores, enhance integration of online and offline shopping experience, said James Ku, senior vice-president of China Realty at Walmart.

Ku said the company was confident about the Chinese market and will continue to enhance its investment.

The new stores will focus on smaller formats including hypermarkets in commercial properties, supermarkets serving community complexes as well as depot warehouses for online shoppers.

Walmart China operates more than 50 depot warehouses in China to enhance the shoppers' online-and-offline experience. It is also running eight community-based supermarkets in Guangdong province, which has been tested for about a year.

The smaller and community-based format-covering 30,000 to 40,000 residents within a radius of 500 meters-has shown bright results, according to Ku, a growth of 20 percent in terms of revenue and the number of visitors in the third quarter, if compared with that of the first quarter this year.

Li Haibo, manager of one of its community-based supermarket store in Shenzhen, said that the store has reduced its stock keeping unit numbers from 8,000 to 6,500 in the past year after reviewing the purchasing habits of consumers living nearby. The store has an online SKU of more than 5,000 products, accounting for about 35 percent of its sales.

The company is also eyeing to quickly expand its Sam's Club footprint by operating or building 45 clubs by 2022 and more in the future. Growth in fresh food and omni-shopping experiences has propelled a double-digit compounded annual growth rate for Sam's Club in China.

The company's plan also shows a much more ambitious expansion pace for the retailer, which has opened more than 400 retail units in more than 170 cities in China in the past 23 years.

Earlier this year, Walmart's said net sales grew 6.3 percent year-on-year in China during the third quarter along with a 3.7 percent surge in comparable sales, the best results for Walmart China in the last five years with Sam's Club the main contributor.

"Chinese consumers are shopping across seven different store types and we believe there are still opportunities for brick and mortar retailers," said Jason Yu, general manager of Kantar Worldpanel China. The key is how the retailers adjust to the changes in China and revise their store formats and accelerate digitalization.

Yu said small stores are still growing in China, and on the back of online to offline platforms such as JD Daojia, Walmart and Sam's Club can be closer to consumers and achieve cost efficiency. In China, if a retailer wants to grow its shopper base, it will have to open more stores to reach more consumers, he said.

YU TIAN/FOR CHINA DAILY A Walmart supermarket in Nanjing, capital of Jiangsu province.

Today's Top News

Editor's picks

Most Viewed

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 高清一区在线 | 黄网站在线观看 | 91精品国产爱久久久久 | 国内真实迷j下药在线观看 人人艹逼 | 国产精品久久久久久久久久日本 | 欧美一级黄视频 | 午夜视频在线 | 国产一级毛片视频 | 葫芦娃短视频下载 | 亚洲精品一区 | 97青青青国产在线播放 | 欧美日韩国产一区二区三区不卡 | 日本在线播放不卡一区二区三区 | 一级a毛片免费观看久久精品 | 国产区精品在线 | 双性精h调教灌尿打屁股的文案 | 欧美激情网 | 91在线视频观看 | 热99re久久精品2久久久 | japanese末成年free | 波多野结衣一区二区三区88 | 久久成人18免费网站 | 日韩欧美精品在线 | 91精品午夜 | 国产欧美亚洲精品a | 国产精品1区| 日本高清色视频www 99视频在线 | 欧美一区二区三区精品国产 | 精品不卡| 性欧美高清极品猛交 | 国产人妻互换一区二区水牛影视 | 91精品一区二区三区久久久久久 | 日韩欧美福利视频 | 精品久久久久久久久久 | 久久综合一 | 国产精品国产三级国产aⅴ入口 | 国产亚洲精品久久久久久打不开 | 色狠狠婷婷97| 视频一区二区在线观看 | 欧美一级片在线视频 | 欧美日韩视频在线第一区 |