皇冠体育app

Wal-Mart opens first store in Guizhou
(Xinhua)
Updated: 2004-05-29 09:56

Wal-Mart, the world's top retailer, opened its first store in Southwest 皇冠体育app's Guizhou Province on Thursday.

The store covers 17,000 square meters in Guiyang, capital of Guizhou, and employs 500 workers.

This was Wal-Mart's 39th store in 皇冠体育app and the third store in western 皇冠体育app after Kunming, capital of Yunnan Province, and Nanning, capital of the Guangxi Zhuang Autonomous Region.

Joe Hatfield, president of Wal-Mart Asia, said the second store in Guiyang is expected to open in December this year.

Wal-Mart is optimistic about Guizhou's potential in retail development as a hub of communications in southwestern 皇冠体育app. The company is ready to bring its advanced retail skills and experience to western 皇冠体育app, Hatfield said.

US-based Wal-Mart has 5,000 stores in 10 countries. It entered 皇冠体育app in 1996 by opening its first Supercenter and Sam's Club in Shenzhen. It has since then opened 39 stores in 19 cities at a cost of 1.6 billion yuan (US$193 million) in 皇冠体育app.

Wal-Mart has built ties with 15,000 Chinese suppliers. Nearly 95 percent of products sold by Wal-Mart were purchased in 皇冠体育app.

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