Wal-Mart to Open 100 New Stores in China

Starting in its next fiscal year, Wal-Mart (NYSE: WMT  ) plans to open 100 new stores in China over the next three years, the company announced last week. The stores will consist of the company's flagship brand and outlets of its bulk retailer Sam's Club.

The company employs 100,000 associates in China and plans to add 18,000 jobs to support the store growth. It  had 382 stores in China as of Sept. 30.

Although Chinese GDP growth has been slowing of late, its retail sector is hotly contested. Wal-Mart is currently the No. 2 retail chain in the country, according to The Wall Street Journal.

The planned expansion represents a slowdown from Wal-Mart's investment on the Chinese market in recent years, reported the WSJ. Previously, it had been opening 50-60 stores every year; the new plan averages 30-35 new outlets annually.

Eric Volkman has no positions in Wal-Mart. The Motley Fool has no positions in Wal-Mart. Motley Fool newsletter services recommend Wal-Mart Stores. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


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  • Report this Comment On October 29, 2012, at 11:40 AM, madmilker wrote:

    ["Walmart China firmly believes in local sourcing. We have established partnerships with nearly 20,000 suppliers in China. Over 95% of the merchandise in our stores in China is sourced locally. In addition, Walmart is committed to local talent development and diversity, especially the cultivation and full utilization of female staff and executives. 99.9% of Walmart China associates are Chinese nationals. All our stores in China are managed by local Chinese. Furthermore, over 60 percent of Walmart China associates are female and about 40% of those are at management level. In 2009, the company established the “Walmart China Women’s Leadership Development Commission” for driving women’s career development."]

    Now, read the above again....

    Less than 5% foreign in their China stores....

    Is that helping manufacturing in America?

    Having Wal*Mart's Global Procurement Office in China....is that helping to increase Made In America orders?

    1975 was the last year America had a trade surplus.

    That is thirty-seven years of consumers giving dollars(fuel) to retailers to be sent to foreign lands for so-call cheaper items...

    If fifteen super cargo ships pollute as much as 760 million automobiles...are those items really cheaper?

    Currency in a country is the fuel for that country to make stuff....once all the currency is gone there is only two things left....

    Retail that makes NOTHING...it only moves the currency...

    and the Government...

    which in the case of America....

    going deeper and deeper in debt selling bonds in order to get some of that fuel(dollars) back.

    "It is the aim of good government to stimulate production, of bad government to encourage consumption." - Jean Baptiste Say

    that quote is over 200 years old and it was said by a Frenchman....of all people!!

    but....

    maybe he knew Retail is like socialism...

    it takes from the "haves" like in America...

    and gives it to the "have-nots" of foreign lands...like China.

    Which could mean in the eyes of the American manufacturer worker...

    Wal*Mart could be their biggest enemy.

  • Report this Comment On October 29, 2012, at 1:30 PM, kthor wrote:

    the only president to be respected is andrew jackson the the last and only president who paid off the American Debt, then again a year later a recession hit America..

  • Report this Comment On October 29, 2012, at 3:05 PM, NickD wrote:

    A investor has a few friends and Walmart is one of them.

  • Report this Comment On November 18, 2012, at 10:28 PM, madmilker wrote:

    kthor..!

    he didn't pay it off completely...

    http://www.treasurydirect.gov/govt/reports/pd/histdebt/histd...

    but by far he has done the best when it comes to serving We the People....

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