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All Eyes on Chinese Aisles; Retail in China
Article from Bulletin/Magazine
The Economist (http://search.proquest.com/) vol. 399 no. 8734 (May 2011)
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Lihat Detail Induk
China is the world's fastest-growing major retail market, and may one day be the biggest. Foreign chains such as Carrefour, Walmart and Tesco are piling in. Yet none of them nor any of their local rivals comes close to dominating China as Walmart dominates the supermarket business in America. A comparison of Walmart's Chinese operations with those of Wumart, a Beijing-based chain, is illuminating. Wumart is cheaper. Walmart is considered fancier. Today Walmart has 338 shops in 124 Chinese cities. Wumart today has 469 shops with annual sales of 14 billion yuan ($2 billion).
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