Walmart, the world’s largest retailer by revenues, is opening up to 110 stores in China, where it has struggled in the past to increase the return on its investments.
International retailers including Walmart, Carrefour and Tesco have experienced serious growing pains in China as they try to convert a rise in urban consumer spending into sustainable profits.
Walmart, which has 400 stores in the country and wants to reverse its falling shopper numbers, is to open the stores in smaller cities over the next three years, stocking more imported food and centralising distribution to ensure that its produce was fresher.
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