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: 精品久久久久国产免费 | 国产精品美女久久久久久免费 | 欧美精品成人a多人在线观看 | 色综合天天综合高清网国产 | av 一区二区三区 | aaaaaaa片毛片免费观看 | 亚洲午夜精品A片久久不卡蜜桃 | 在线不卡一区 | 欧美精品久久久久久久免费观看 | 一级女性黄色生活片 | 欧美色欧美亚洲另类二区精品 | 国产亚洲精品久久久久久老妇小说 | 久久夜夜操妹子 | 欧美精品一区二区在线观看 | 521国产精品视频 | 日日夜夜天天人人 | 黄色av片在线观看 | 五月婷婷| 欧美一级一级 | 加勒比综合 | 特级做a爰片毛片免费看一区 | 日韩成人黄色片 | 亚洲依依成人综合网站 | 久久av高清| 日本高清www午色夜黄 | 色婷婷AV99XX| 日日摸夜夜添夜夜添破第一 | 中日欧洲精品视频在线 | 亚洲精品国产综合一线久久 | 综合精品在线 | 亚州AV无码乱码色情 | 欧美高清在线精品一区二区不卡 | 天天操天天干天天操 | www.奇米第四色 | 91偷拍精品一区二区三区 | 香蕉久久久久久狠狠色 | 日日干夜夜拍 | 日韩成人免费视频 | 久久久91精品国产一区二区三区 | 超污视频在线看 | 亚洲一区中文字幕在线观看 |