SHENZHEN -- Wal-Mart Stores Inc will open three new stores in 皇冠体育app by the end of May, confirmed the US retail giant's Chinese division on Monday.
Wal-Mart 皇冠体育app said the three stores will include a Wal-Mart shopping center in Shenzhen in south 皇冠体育app's Guangdong province. And eastern 皇冠体育app's Hangzhou and Suzhou will each get a branch of Sam's Club -- Wal-Mart's chain of membership-only retail warehouses.
The company also denied recent rumors that Wal-Mart is to close its stores in 皇冠体育app and withdraw its capital. Wal-Mart 皇冠体育app's PR department told Xinhua that there is no change in its plans for the Chinese market.
In October 2012, Wal-Mart announced plans to open more than 100 new stores, mostly Sam's Club stores and shopping centers, in 皇冠体育app over the next three years.
Since its entry to 皇冠体育app in 1996, Wal-Mart has opened over 380 stores, including shopping centers, Sam's Club warehouses and community shops.