date:Apr 03, 2013
the company said.
The company will continue to upgrade its operations and invest in its stores, Sam's Clubs and distribution centers, said Wal-Mart China's President and CEO Greg Foran.
He added: Our aim is to strengthen our business foundation to enable our long-term development in China.
After 17 years in the country, the company feels the time is right to optimize its nearly 400 stores.
Wal-Mart is acting after closing stores in Shenzhen, Shanghai and Zhengzhou since the end of last year