Wal-Mart has been established for more than 50 years. Its headquarters is located in Arkansas, USA. Wal-Mart has several brands, including Wal-Mart Store and Sam Member Store. According to Wal-Mart, more than 200 million customers visit Wal-Mart stores every week, and it has more than 65,438 438+ 10/00000 stores worldwide, making it the largest retailer in the world.
Wal-Mart entered China in 1990s, and opened the first Wal-Mart supermarket and Sam member store in Shenzhen. Up to now, it has been more than 20 years. At present, Wal-Mart has opened more than 300 shopping malls all over the country and established close relations with local suppliers. More than 90% of the products sold are local products, serving more than 7 billion people in China market and employing more than 654.38 million employees in China.
With the changes in the retail industry, e-commerce has become the biggest competitor. Wal-Mart has also successfully transformed. In the second quarter of 2020, Wal-Mart announced that its e-commerce sales in the US market exceeded 90%, and the sales of offline stores also increased by 9%, making it the fastest growing quarter. Its revenue also increased by 5%, reaching $654.38+037.74 billion, and its profit increased by 70%. Wal-Mart has completely become a successful retailer like Amazon. Different from other offline retailers, Wal-Mart, as a traditional retail enterprise, has not been affected by e-commerce, but has made positive transformation and achieved success.