Free Subscription

  • Access 15 free news articles each month


Try one month for $4
  • Unlimited access to news,insights and opinions
  • Quarterly and weekly magazines
  • Independent research reports and forecasts
  • Quarterly webinars with industry experts
  • Q&A with retail leaders
  • Career advice
  • 10% discount on events

New Year boosts Wal-Mart China sales

With strong performance over the Chinese New Year, retailer Wal-Mart China’s stores grew sales 5.1 per cent overall during the first quarter.
It says its comparable sales grew 1.4 per cent, and its comparable per-customer transactions increased by 5.2 per cent.
Market research firm Nielsen data shows that by the end of March, Wal-Mart China’s fast-moving consumer goods achieved share growth in hypermarkets for 13 consecutive quarters.
Wal-Mart China president/CEO Sean Clarke says the company entered the Chinese market 20 years ago, and the country is its fourth-largest international market by sales. It is also an important strategic market for the company’s future development.
Wal-Mart continued to accelerate its eCommerce development in the first quarter and expanded internet shopping services into three more cities, covering more than 80 stores in Guangdong and Fujian.
In March, the company launched nationwide cross-border eCommerce services on its mobile app.

You have 7 free articles.