date:May 21, 2014
The China operating arm of U.S. retailer Wal-Mart Stores Inc said on Tuesday it planned to invest 580 million yuan ($92.99 million) to remodel 55 existing stores in China this year to enhance store operations and optimize customer experience.
Wal-Mart China also said it will open about 30 high-quality stores and additional distribution centers in China this year as part of its three-year growth plan announced last October.
China is key to Wal-Mart's international ambitions but it has stumbled