久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

US EUROPE AFRICA ASIA 中文
Business / Industries

China Resources unit to sell stakes in Wal-Mart

By WANG ZHUOQIONG (China Daily) Updated: 2015-10-10 10:42

China Resources unit to sell stakes in Wal-Mart

Workers install the logo of China Resources Corp in Nantong, Jiangsu province. [Photo/China Daily]

Transferring interests in 21 outlets will not hit operations and development of US retailer

China Resources SZITIC Trust Co Ltd, a subsidiary of China Resources Corp, is to sell its 35 percent stake in 21 Wal-Mart Stores Inc's outlets in China, worth 3.35 billion yuan ($523.4 million).

"Transfer of the minority interest in our joint venture partner will not affect Wal-Mart's operation and development in China," Wal-Mart China said in a statement.

"Wal-Mart respects the investment decision of its partner in the proposed transfer of its minority interests and creditor's rights in the joint ventures."

As the controlling shareholder in joint-venture companies in charge of the management and daily operation of the stores, Wal-Mart said it would continue to develop business opportunities, and implement stringent corporate governance and internal controls, in compliance with the country's laws and regulations.

Jason Yu, general manager of market research firm Kantar World panel China, said the selling of the stake by the investment branch of China Resources makes clear that the move is largely an investment decision.

He said potentially the proceeds could help fund further development by CRVanguard, the company's retail unit, especially store expansions and e-commerce.

Both Wal-Mart and CRVanguard are experiencing sales slowdowns, as e-commerce competition increases.

According to Kantar figures, CRVanguard claimed a 6.6 percent market share during the second quarter of 2015, slightly behind Sun Art Retail Group Ltd, which leads the China market with 6.9 percent.

CRVanguard's overall growth remains strong, fueled by store expansion and the development of a multi-format portfolio, Yu said.

This is being offset, however, by a weakening of the Tesco-branded operations it runs jointly with Tesco Plc-the United Kingdom's largest retailer which this week announced a 55 percent plunge in half-year profit.

"We expect more Tesco stores to either close or be converted into CRVanguard-branded sites in the coming year," said Yu.

According to the China Shopper Report released in July, the country's hypermarket sector remains weak, with smaller supermarkets, convenience stores and e-commerce channels growing faster.

"We expect that trend to continue," said Yu. "More hypermarket players are actively experimenting with new formats and O2O applications to cater to changes in shopping behavior."

Angela Wang, partner and managing director of The Boston Consulting Group, said it is now time for retailers to reconsider hypermarkets as their key formats.

"Hypermarkets have been on the decline in recent years due to their weakening attraction to consumers in first-tier cities, where shoppers are demanding more convenience and a variety of merchandise from online competitors," said Wang.

She said hypermarkets should now be looking to increase their fresh-food offerings to drive up traffic, offer better displays of their non-fresh-food goods, and improve their supply chains to raise profitability.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 欧美一级三级 | 欧美高清成人 | 色综合精品 | 欧美日韩一区二区三区视频在线观看 | 久久最新 | 国产欧美在线观看不卡一 | 欧美日韩亚洲在线观看 | 国产精品1区2区3区 国产精品1区2区3区在线播放 | heyzo国产亚洲高清 | 久久怡红院亚欧成人影院 | 日韩中文精品亚洲第三区 | 白白在线观看永久免费视频 | 极品美女户外勾搭无套 | 久草视频在线免费播放 | 国产成人精品一区二区视频 | 亚州毛片 | 精品久久久久久久久免费影院 | 另类在线 | 亚洲精品久久久久久久久久久网站 | 国产色在线播放 | 久青草免费在线视频 | 国产三级精品久久三级国专区 | 久久精品视频网站 | 2022久久免费精品国产72精品 | 久久99亚洲精品久久久久网站 | 99je全部都是精品视频在线 | 国产亚洲精品国产一区 | 视频一区色眯眯视频在线 | 日韩一级影片 | a在线v| 日韩亚洲一区二区三区 | 手机看片1024国产基地 | 精品国产区一区二区三区在线观看 | 免费人成综合在线视频 | 成人国产精品免费软件 | 欧美 亚洲 另类 自拍 在线 | 韩国欧美一级毛片 | 免费视频久久 | 日本一级爽毛片在线看 | 亚洲综合精品成人 | 久草手机在线观看视频 |