Business Intelligence on Retailing, Franchising, and Consumerism in China


Walmart To Soon Open First Sam's Club In Shanghai

According to Rob Cissell, chief operating officer for Walmart China, the company plans to open its first Sam's Club in Shanghai by the end of 2010.

With a total investment of USD46 million, the new Sam's Club in Shanghai will be Walmart's largest-invested individual store on the Chinese mainland. The store will have an independent procurement team and a different operating model from its ordinary stores.

Cissell said that Walmart has accelerated its expansion in China over recent years. It opened over 40 new stores in China last year. At present, Walmart has 192 stores in China.

Sam's Club is Walmart's chain of membership-only retail warehouse clubs. There are now 500 Sam's Clubs in the world, including four in China.






Be the first to comment on "Walmart To Soon Open First Sam's Club In Shanghai"

Leave a comment

Your email address will not be published.


*




  Other China News

ChinaTechNews.com:

AutoNavi, Delphi Reach Deal

Hisense's Net Profit Down 47.39% In First Three Quarters Of 2017

Airbnb China Head Resigns

DMG To Buy China Rights Of Forbes Brand


GreenChinaTech:

Chinese Electric Bus Manufacturer Lands USA Deal

American Electric Car Manufacturer To Build In China

U.S. Clean Water Company Makes Chinese Inroads

GE Will Promote Wind Power Through New Chinese Education Center


ChinaSourcingNews.com:

JD To Build Global Logistics Headquarters In Xi'an

Wumart, AGS Sign Agreement For Seafood Direct Procurement

India Gains Second Factory From China's Xiaomi

85% of Indian Staff To Lose Jobs At China's LeEco