On the retail side, that is:
Wal-Mart Stores Inc. plans to accelerate store openings in China and expand into smaller Chinese cities after the government relaxed laws on foreign retailers operating in the country, one of the company’s executives in China said Wednesday.Here in a nutshell is an entire research program: how will Wal-Mart (and its competitors) change the pattern and path of economic expansion in the small towns of developing nations?A Wal-Mart executive speaking at a conference in New York, meanwhile, said the company is taking a similar tack in Mexico, broadening its search for small cities that could support its stores.
Bentonville-based Wal-Mart plans to open 14 superstores in China this year, an increase of a third over previous plans, to catch up with Carrefour SA and domestic chains in China’s $652 billion retail market, said James Lee, vice president of corporate affairs for Wal-Mart China.
Posted by Kevin on September, 8 2005 at 09:55 AM
