Business Intelligence on Retailing, Franchising, and Consumerism in China


Wal-Mart China Sales Up 5.1% In Q1 2016

Due to the strong performance of its Chinese stores during the Chinese New Year, Wal-Mart China's total sales increased by 5.1% in the company's latest reporting period.

Wal-Mart released its financial report for the first quarter of 2016, and stated that its comparable sales increased by 1.4% and its comparable per customer transaction increased by 5.2%.

Statistics provided by market research firm Nielsen also showed that by March 2016, Wal-Mart China's fast moving consumer goods achieved share growth in hypermarkets for 13 consecutive quarters.

Sean Clarke, president and chief executive officer of Wal-Mart China, said that the year of 2016 is the 20th year since Wal-Mart's entry into the Chinese market and the company saw a good beginning to the year contributed by the strong sales performance during the Spring Festival. China is a very important strategic market for the future development of Wal-Mart and it is the company's fourth largest international market by sales. The 20th anniversary marks a new beginning for Wal-Mart's Chinese development and they are very confident in the Chinese market and the future.

In addition, Wal-Mart continued to accelerate its e-commerce development in the first quarter of 2016 and it expanded Internet shopping services into three new cities, covering over 80 stores in Guangdong and Fujian. In March 2016, Wal-Mart launched its nationwide cross-border e-commerce services on its mobile app.






Be the first to comment on "Wal-Mart China Sales Up 5.1% In Q1 2016"

Leave a comment

Your email address will not be published.


*




  Other China News

ChinaTechNews.com:


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