First, Wal-Mart's top management sees the Chinese market as a key part of its global strategy and has formulated mid- and long-term development plans for the Chinese market. In terms of resources, it has invested heavily in local supply chains, logistics, and information technology. Wal-Mart's global strength also gives it sufficient resources in China, such as tolerance for early losses in e-commerce and membership stores, and reasonable assessment of investment cycles. Only with strength can it withstand the pressure.
Secondly, in terms of business format, Walmart has always lithuania whatsapp number data 5 million to its main business. Hypermarkets, membership stores, and e-commerce have always been Walmart's focus. From 2018 to 2021, Walmart also explored neighborhood supermarkets, but later gave up. In terms of business format entry cycle and business strategy, Walmart has its own experience and certainty, such as opening membership stores, insisting on category positioning, large-scale procurement to reduce costs, focusing on core users, and practicing everyday low prices. During the peak period of new retail, Walmart's previous struggles and losses have turned into today's dividends because there was not too much trial and error.
Third, we actively established strategic partnerships with local Chinese companies to jointly expand our business areas, continue to consolidate the supply chain and product value, and form a strong mindset.
At present, many comments feel that although Walmart hypermarkets have been upgraded, there is still a certain gap between the environment, hardware, and scene comfort and those of domestic hypermarkets. To some extent, because of the existence of Walmart headquarters, although Walmart China has many innovations, they are generally contained in Walmart's value framework.
The most enviable thing is the 17% performance growth in the third quarter, with sales exceeding 100 billion in the first three quarters. Compared with the leading domestic brands, Walmart, especially Sam's Club, has once again become "the child of others' family". Carrefour, the "ancestor" of domestic hypermarkets that once drove Walmart crazy, has only 4 stores left in China. Judging from the feedback from netizens, it is expected to be closed soon.
