久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Industries

Walmart's hypermarkets, Sam's Clubs announce mixed performances

By WANG ZHUOQIONG | China Daily | Updated: 2021-11-25 07:43
Share
Share - WeChat
An outlet of Walmart's Sam's Club in Nanchang, Jiangxi province.[Photo by Zhang Haiyan/For China Daily]

The two business models of Walmart Inc in China-the hypermarket format under the Walmart brand and its high-end membership store Sam's Club-have shown a mixed performance of late in the country.

Twenty-five years ago, Walmart China opened its first hypermarket store in Shenzhen, Guangdong province. The city's Honghu store is expected to be closed on Dec 7. Over the past four years, some 80 Walmart hypermarkets have been closed in China, Caijing Magazine reported.

On Nov 16, its third quarter report stated Walmart Inc's total revenue reached $140.5 billion, up 4.3 percent, but its net income decreased 39.5 percent to $3.1 billion.

Walmart International's revenue-that is, sales outside the United States-stood at $23.6 billion, down 20.1 percent, according to its third quarter report.

However, Sam's Club saw comparative global sales increase 13.9 percent, with e-commerce sales growing 32 percent. Membership income increased 11.3 percent, the fifth consecutive quarter of double-digit growth.

Sam's Club China said the number of its paid members has reached more than 4 million. It operates 36 stores in 23 cities nationwide, with its presence lifted further by its e-commerce platforms.

Its third quarter financial report showed that quarterly sales and memberships have grown by double digits. In 2021, the brand opened five new stores in China, including a flagship store in Shanghai.

It expects to have 40 to 45 stores in operation or in the pipeline in the country by the end of 2022.

Douglas McMillon, president and CEO of Walmart Inc, said during the earnings call for the third quarter this year that Sam's Club had a very strong quarter, with China, Mexico and India leading the way.

The high-end retailer offers about 4,000 kinds of select products. The format has been boosted by its fast development of omni-channels, which integrate its brick-and-mortar stores with its online ordering and delivery services from depots located close to residential communities in urban areas.

Its mobile app in September launched delivery services targeting consumers nationwide in order to reach more buyers who reside in cities where there are still no Sam's Club stores.

During the Double 11 gala this year, its revenue achieved through online channels tripled over that of last year, said the company.

"Our small Sam's Club depots that extend the reach of our large clubs in China helped deliver," McMillon said.

Jason Yu, managing director of Kantar Worldpanel China, said the retail channel shift further accelerated since the outbreak of COVID-19, reflected by the growth of e-commerce and proximity channels-small supermarkets, community stores and group buying-and the continued decline of traditional hypermarkets.

"The closure of certain hypermarket stores that are no longer profitable is not surprising," Yu said. "On the other hand, membership stores such as Sam's club and Costco are able to grow with a clear target-affluent middle-income consumers-as well as highly differentiated merchandise."

 

 

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 欧美一级www片免费观看 | 国产一级爱做片免费观看 | 日本欧美一级二级三级不卡 | 韩国免费网站成人 | 国产精品亚洲二线在线播放 | 男人的天堂免费视频 | 美国免费毛片 | 免费国产不卡午夜福在线观看 | 日本成a人伦片 | 国产亚洲精品精品国产亚洲综合 | 国产精品一区在线免费观看 | 久久国产成人午夜aⅴ影院 久久国产成人亚洲精品影院老金 | 久草草视频在线观看免费高清 | 一区二区三区国模大胆 | 成 人 a v免费视频 | 韩国good三级在线观看久 | 日本高清在线中文字幕网 | 免费看又黄又爽又猛的网站 | 久久亚洲人成国产精品 | 特级黄色毛片在放 | 国产91精品高清一区二区三区 | 精品免费国产 | 男女扒开双腿猛进入爽爽视频 | 国产精品国产精品国产三级普 | 色综合视频一区二区观看 | 一区二区三区视频在线 | 国产精品亚洲一区二区在线观看 | 亚洲欧美日产综合在线看 | 日韩不卡一级毛片免费 | 久久久久国产视频 | 亚洲精品美女视频 | 久久频这里精品香蕉久久 | 久久精品无遮挡一级毛片 | 亚洲欧美日韩国产vr在线观 | 97超在线| 亚洲欧洲一区 | 正能量www正能量免费网站 | 成人入口 | 手机看片福利视频 | 老司机免费福利午夜入口ae58 | 国产精品一区二区久久精品涩爱 |