inesses, McMillon said brick-and-mortar stores have become hybrid, and forward fulfillment centers.
He said Sam’s Club has been gaining strength in the country. The high-end m
embership store that was launched in China in 1996 has about 2 million members nati
onwide. By 2020, there will be 40 such clubs either in operation or in construction in the country. The format ha
s 23 stores currently in 19 cities stocking quality fresh food and membership products.
Globally Walmart has 11,300 stores, with a third of them large stores.
According to Kantar Worldpanel, in 2018 Walmart’s market share was 5.4 percent, an improvement from t
he 5.2 percent in 2017. Last year it opened 33 new stores, including 21 hypermarkets, four Sam‘s Club and eight compact stores.
Jason Yu, general manager of Kantar Worldpanel China, said Walmart has to roll out
more innovations to further improve its operational efficiency and achieve growth through