Wal-Mart China expanding in Yunnan province
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Supermarket retailer Wal-Mart China says it will build four more outlets in the southern Chinese province of Yunnan, including one in Kunming, before the end of the year.
It also expects to launch more than 20 stores in Yunnan, including 12 in Kunming, before the end of 2020.
Wal-Mart China COO Jim Thompson says the company has always been confident about the Chinese market, which it entered 20 years ago.
In Yunnan, it will not only invest more than CNY60 million (US$8.9 million) to upgrade its stores in Kunming, but will also open four outlets in the province before the end of this year.
Wal-Mart has been enhancing its stores while adding new ones across China. So far, it has invested more than CNY350 million in its upgrade program, improvements including high-performance air-conditioning pumps, LED lighting and leaf-vegetable spray racks.
Questions & Answers
Q.How many new outlets does Wal-Mart China plan to open in Yunnan province by the end of 2020?
How many new outlets does Wal-Mart China plan to open in Yunnan province by the end of 2020?
Wal-Mart China expects to launch more than 20 new stores across Yunnan province by the end of 2020. This expansion includes 12 of these new outlets in Kunming, the provincial capital.
Q.What investment is Wal-Mart China making to upgrade its existing stores in Kunming?
What investment is Wal-Mart China making to upgrade its existing stores in Kunming?
The company will invest over CNY60 million (US$8.9 million) to upgrade its stores specifically in Kunming. These improvements are part of a wider upgrade programme across China.
Q.What specific improvements are being made as part of Wal-Mart's store upgrade programme?
What specific improvements are being made as part of Wal-Mart's store upgrade programme?
The store upgrade programme includes enhancements such as the installation of high-performance air-conditioning pumps, new LED lighting, and leaf-vegetable spray racks. Over CNY350 million has been invested so far nationwide.
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