news

Wal-Mart to expand in China

BEIJING: Wal-Mart plans to add 10 million sq ft of retail space in China this year, reported China Daily.

The announcement was made by Scott Price, chief executive officer of Wal-Mart Asia at the Global Summit of Women 2010 held in Beijing from May 20 to 22.

“This is a huge expansion of Wal-Mart in China,” said Price.

The retailer will also employ more women and reduce its energy and resource consumption by 40% in 2010 compared with 2005, added Price.

According to China Daily, the retail giant currently operates some 200 stores in 87 cities across China. Wal-Mart entered the Chinese market in August 1996 with the opening of its first store in Shenzhen.
Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
SHARE