The world's leading supermarket retailer Wal-Mart said that they are optimistic about their development in Yunnan province and will continue to enhance investment and construction to open four new outlets in the southern Chinese province, including one in Kunming, before the end of 2016.
Meanwhile, the company expects to launch over 20 new stores in Yunnan, including 12 in Kunming, before the end of 2020.
Jim Thompson, chief operating officer of Wal-Mart China, said that Wal-Mart is always confident in the Chinese market and it is committed to becoming the most trustworthy retailer. The year of 2016 marks the 20th anniversary for Wal-Mart 's entry into the Chinese market and it is also an important year for the company's development in Yunnan. They will not only invest over CNY60 million in upgrading existing stores in Kunming, but also will open four new stores in Yunnan before the end of 2016 to further accelerate local distribution. They hope that the store upgrades can bring a fresh appearance to provide customers with better product and shopping experiences as well as more convenient services.
Over recent years, Wal-Mart has enhanced its existing stores while implementing stable expansion across China. So far, the company has invested over CNY350 million in this upgrade program, aiming to create a more comfortable shopping environment for consumers. Those upgraded stores reportedly had renovated walls and ceilings and installed high-performance air-conditioning pumps, LED lighting, and leaf vegetable spray racks.