Wal-Mart to expand their China related businesses

Wal-Mart to expand their China related businesses

World’s largest retail chain store Wal-Mart Stores has announced their plans to expand their business interests in China. The company has now plans to hire 150,000 people in China over the next five years. This itself is five times the number of people they have on roll in the world’s most populous country in the world.

This expansion would help the company expand their chain of retailing stores in the country. Joe Hatfield is the chief executive of Wal-Mart Asia and he has confirmed that Wal-Mart is aiming at opening as many as 20 stores in the country this year. They would be training the workforce to help this expansion plan in the nation.

Wal-Mart currently operates 56 stores in China. However, they trail other global chains such as France’s Carrefour who at the end of last year operated 78 stores here. In fact, they failed to register enough sales to crack the top 30 on the Ministry of Commerce list of the biggest retailers in China.

Wal-Mart now aims to change all this with these new efforts to expand their presence in the Chinese market.