date:Jul 17, 2013
their strategy in China amid fierce competition, rising costs and consumers' changing demand, Sun said.
Following the closure of some hypemarkets in recent months, Wal-Mart Stores Inc plans to open more Sam's Club stores (membership-only warehouse clubs) to sustain growth in the Chinese market.
The company has 620 Sam's Club stores in the United States, which have proved successful growth engines. The Sam's Club stores in the US generate $49 billion in sales annually.
The world's largest ret