date:Feb 24, 2014
of at least 29 stores in China.
For the first year a lot of my attention, and my team's attention, has been focused on just getting the foundation fixed, sorting out what stores we need to exit, being much more clever about where we're going to open stores, Foran said.
BIG ISN'T ALWAYS BEST
Chinese customers prefer small neighborhood stores, where they don't have to travel far and can buy just a few items per visit. It's a similar picture in Brazil, where market leader Grupo Po de Acar (GPA)