Business Intelligence on Retailing, Franchising, and Consumerism in China


CNY80 Million Investment Aids Wal-Mart's Fuzhou Upgrades

Wal-Mart China announced that the company has invested nearly CNY80 million in upgrading existing stores in Fuzhou, Fujian province.

Wal-Mart entered the Fuzhou market in 2000 and the retailer currently has 12 shopping plazas in this city. Except for one newly opened outlet, Wal-Mart completed the upgrade of the remaining 11 stores by mid-August, 2015. With the full upgrade and renovation, those stores are improved in shopping environment, energy saving, product portfolio, and customer service.

Sean Clarke, Wal-Mart China president and CEO, said that Wal-Mart is confident in the Chinese market and has a long-term investment plan in the country. Over the next three years, the company will not only open new stores and develop e-commerce, but also will make store upgrade an important part of its Chinese investment plan.

So far, Wal-Mart has invested CNY600 million in upgrading over 90 stores. In 2015, the company is expected to invest over 370 million to upgrade more than 50 additional stores across China.







Image Credit: Zhao jian kang


Be the first to comment on "CNY80 Million Investment Aids Wal-Mart's Fuzhou Upgrades"

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Your email address will not be published.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