Walmart opened 10 stores in December, speeding up its store growth in China
【December 30, 2015, Shenzhen】Entering December, Walmart started to speed up its store growth in China and opened 6 new stores in Chifeng, Inner Mongolia Autonomous Region, Lijiang, Yunnan Province, Xiapu, Fujian Province, Pingyang, Zhejiang Province, Chongzhou, Sichuan Province, and Jining, Shandong Province successively. And tomorrow will be the final peak of store opening in 2015 for Walmart. On December 31, Walmart’s 4 new stores in Cangnan, Zhejiang Province, Shenzhen, Guangdong Province, Honghu, Hubei Province, and Macheng, Hubei Province will start serving customers at the same time. By that time, Walmart would have opened 10 new stores in December with a total of 433 stores in China, closing the year of 2015 for its growth in China with a perfect finale.
Earlier this year, Walmart announced that the company will increase investment in different formats in China and plans to add 115 new stores in the next 3 years. It will also continue to upgrade its existing stores, improve food safety, develop win-win relationship with local suppliers, and create a seamless O2O one-stop shopping experience.
Sean Clarke, President and CEO of Walmart China, said that ‘In the past year, Walmart has been dedicated to becoming a true full-service O2O retailer in China to provide customers with seamless online-to-offline shopping experience. Therefore, we made a lot of efforts in both bricks-and-mortar stores and e-commerce and achieved good progress.’
In the area of bricks-and-mortar facilities, Walmart continued to invest in building new Distribution Centers in addition to opening new stores. As of 2015, Walmart has opened 9 dry DCs and 11 fresh DCs in China, covering all of its stores across the country. Meanwhile, Walmart invested over 370 million RMB to remodel over 50 stores in China. According to Walmart’s Q3 Earnings Report released in November 2015, driven by new stores, Walmart’s total sales grew by 2.9% in China, and has been growing market share in the hypermarket channel for 11 quarters consecutively.
In the e-commerce area, after launching its O2O service Platform, the Walmart APP, in Shenzhen, Walmart rolled this service out in Guangzhou and Dongguan in December. And since its full ownership of Yihaodian, Walmart started using Yihaodian’s strong and professional logistics team in Guangzhou to deliver orders to Walmart APP users according to their time preferences, offering customers with more convenient shopping experience. By integrating Walmart and Yihaodian’s resources in a more effective way, Walmart hopes to offer both customers with more benefits. Walmart also plans to continuously adjust and upgrade this service according to customers’ feedback and launch it to more cities in the future.
‘In the coming new year, in light of China’s ‘New Normal’ of economic development, we will continue to adjust our business based on customers’ demand to provide our customers with better shopping experience and more choices. We want to help them save money so they can live better.’ said Sean Clarke, President and CEO of Walmart China.
About Walmart China
Walmart entered the Chinese market and opened its first Supercenter and Sam’s Club in Shenzhen in 1996. Walmart’s global merchandising office was set up in Shenzhen in 2002. Currently, Walmart operates two main formats in China including Supercenters and Sam’s Clubs. We have donated funds and in-kind support worth over RMB77 million to local charities and welfare organizations since entering the China market. Walmart China won awards including The Best Employer, Satisfactory Chain Retailers selected by Suppliers, and Community Service Ambassador. For more information, please visit http://www.walmartchina.com.