BEIJING |
"(Reuters) - Wal-Mart Stores Inc (WMT.N), the world's biggest retailer, is expanding its China business as it seeks to raise profitability in a slowing retail sector.
"Wal-Mart will open up to 110 facilities in China between 2014 and 2016, in addition to the 30 it has already opened this year, it said at a press event in Beijing on Thursday."
Read more: http://www.reuters.com/article/2013/10/24/us-walmart-china-idUSBRE99N04S20131024
They deserve each other.
"(Reuters) - Wal-Mart Stores Inc (WMT.N), the world's biggest retailer, is expanding its China business as it seeks to raise profitability in a slowing retail sector.
"Wal-Mart will open up to 110 facilities in China between 2014 and 2016, in addition to the 30 it has already opened this year, it said at a press event in Beijing on Thursday."
Read more: http://www.reuters.com/article/2013/10/24/us-walmart-china-idUSBRE99N04S20131024
They deserve each other.
Well they won't have to go far to get their products, will they?
ReplyDeleteI wonder if their advertising campaign will entice people to buy products "Made in China"?
ReplyDeleteThis brings Walmartians to a whole new level!
ReplyDeleteMaybe they'll import goods from us and the Chinese will complain about cheap, shoddy goods from the USA.
ReplyDeleteI actually heard that some of the higher quality United States businesses do most of their sales in China. They appreciate the excellent craftsmanship and are willing to pay top dollar.
ReplyDelete