date:Jan 10, 2014
Leading U.S. supermarket chain Walmart will close around 25 stores in China in 2014 and open many others in the years to come as it attempts to adapt to the changing desires of Chinese consumers. Analysts said Walmart is making the changes partly because the products sold in its Chinese stores are sometimes too local.
Although Walmart remains the biggest foreign supermarket chain in China in terms of revenue and store numbers, analysts said its share of the market is being challenged by other e