Wal-Mart announced that they will invest about CNY600 million to build a new community shopping center with a total construction area of about 100,000 square meters in Zhuhai, and the company will introduce Sam's Club…
Wal-Mart expressed intentions to implement operational restructurings for its Sam's Club business in China with a series of measures, including selling stores to Chinese operators.
Wal-Mart plans to expand its existing distribution center in Shenzhen to 300,000 square meters as it more closely adheres to its model in America and other developed countries.
Sam's Club, the membership store of Wal-Mart, has opened its ninth China outlet with a new site in Hangzhou.
Wal-Mart plans to open a new Sam's Club in Huli district, Xiamen, and the new store will become the retailer's global flagship store.
Wal-Mart has announced that its Chinese president and chief executive officer, Chen Yaochang, has resigned.
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.
The American retail giant Wal-Mart has signed a cooperation agreement with the commercial real estate firm Shanghai You You Group to open Wal-Mart's first Sam's Club in Shanghai.
Retail giant Wal-Mart will open its first outlet in Guangzhou in November 2009.
According to Fu Mengxi, vice president for Wal-Mart (China) Investment Co., Ltd., the company will open a new Sam's Club in Pudong, Shanghai in 2009.