BENTONVILLE, Ark. -- Wal-Mart Stores here is forging ahead with its plan to open stores on mainland China later this year, according to Bobby Martin, president and chief executive officer of Wal-Mart's international division. Martin, speaking at a seminar in New York, said China's middle class is expected to grow 11.4% by the end of the century, and Wal-Mart hopes to grow with those dynamics in mind. He confirmed reports that the company expects to open two "full-sized" warehouse clubs in ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.