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.
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5 comments:
Well they won't have to go far to get their products, will they?
I wonder if their advertising campaign will entice people to buy products "Made in China"?
This brings Walmartians to a whole new level!
Maybe they'll import goods from us and the Chinese will complain about cheap, shoddy goods from the USA.
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.
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