Thursday, October 24, 2013

"Wal-Mart to open up to 110 new China stores by 2016"

BEIJING | Thu Oct 24, 2013 4:26am EDT

"(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."

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They deserve each other.


OKIE said...

Well they won't have to go far to get their products, will they?

hale-bopp said...

I wonder if their advertising campaign will entice people to buy products "Made in China"?

BL Basketcase said...

This brings Walmartians to a whole new level!

OrbsCorbs said...

Maybe they'll import goods from us and the Chinese will complain about cheap, shoddy goods from the USA.

kkdither said...

I 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.