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(yǔ)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-h(huán)ave 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: 97欧美精品一区二区三区 | 亚洲韩国日本欧美一区二区三区 | 亚洲 自拍 另类 欧美 综合 | 亚洲欧美视频一区二区 | 91色综合综合热五月激情 | 久久精品一区二区三区中文字幕 | 国产综合久久一区二区三区 | 久久夜色精品国产噜噜亚洲a | 九九视频在线观看视频23 | 视频在线一区 | 成人免费视频网站 | 九九视频国产 | 91久久精品国产91久久性色也 | 欧美18毛片免费看 | 日本久久久久一级毛片 | 欧美高清在线精品一区二区不卡 | 精品一区二区在线欧美日韩 | 日本亚洲欧美国产日韩ay高清 | 99色在线视频 | 精品欧美成人高清视频在线观看 | 偷窥女厕国产在线视频 | 国产欧美日韩成人 | 中文字幕在线播 | 美女一级毛片免费看看 | 久久久久久尹人网香蕉 | 亚洲爱爱天堂 | 日本在线亚州精品视频在线 | 久久久久久久久久久视频国内精品视频 | 欧美亚洲国产成人不卡 | 国产私拍福利精品视频推出 | 成年午夜性视频免费播放 | 日本在线视频观看 | 暖暖日本在线播放 | 日本又黄又爽又免费 | 成年人在线视频免费观看 | 一区二区三区欧美在线 | 久综合| 成年女人看片免费视频频 | 成年女人毛片免费视频 | 国产精品路边足疗店按摩 | 日本三级全黄三级a |