Wal-Mart Stores, Inc. was
founded by American retail legend Sam Walton in Arkansas in 1962. Forty four
years later, Wal-Mart serves more than 176 million customers per week. It is the
worldĄŻs largest private employer and retailer with over 1.9 million associates
worldwide and more than 6,800 stores in 14 countries.
Wal-Mart came to China in 1996. The first Supercenter and SAM'S CLUB were
opened in Shenzhen, Guangdong Province. Today, there are 83 units in 46 cities,
with a total investment of over RMB1.7 billion. Across China Wal-Mart employs
over 38,000 associates.
As an outstanding corporate citizen, Wal-Mart actively gives back to the
community and has donated funds and in-kind support worth more than RMB26
million to local charities and welfare organizations over the past ten years.
In China, as elsewhere, we follow the Wal-Mart tradition of building our
business one store and one customer at a time. We strive to provide our
customers with friendly service and a wide selection of quality products at
Every Day Low Prices. With each Wal-Mart store we bring advanced retail know-how
to the local market. By fostering a healthy, competitive environment, we hope to
constantly improve our business operations and customer service in order to
contribute to the prosperity of the local economy.
Wal-Mart firmly believes in local procurement. We recognize that by
purchasing quality products, we can generate more job opportunities, support
local manufacturing and boost economic development. Over 95% of the merchandise
in our stores in China is sourced locally. We have established partnerships with
nearly 20,000 suppliers in China. At Wal-Mart, we always work with our suppliers
to grow together. In the August 2006 Supplier Satisfaction Survey published by
Business Information of Shanghai, Wal-Mart ranked first across several supplier
Additionally, Wal-Mart directly exports about US$9 billion from China every
year. The export volume by third party suppliers is also estimated to be over
(For more biz stories, please visit Industry Updates)