Wal-Mart Stores, the world’s biggest retailer, is expanding its China business as it seeks to raise profitability in a slowing retail sector. Wal-Mart plans to open as many as 110 facilities in China between 2014 and 2016, in addition to the 30 it opened this year, it said at a news conference in Beijing on Thursday. Wal-Mart wants to profit from China’s changing retail landscape by embracing e-commerce, which is expected to record 32 percent annual growth in the country between 2012 and 2015, according to Bain & Company.
Thanks for checking us out. Please take a look at the rest of our videos and articles.
To stay in the loop, bookmark our homepage.
VIDEO: Wal-Mart"s China Plan To Focus On E-commerce
No comments:
Post a Comment