Walmart to open more hypermarts

Retailer banks on smaller stores to expand its reach, sales in country

Walmart, the world's largest retailer, is planning to open more compact hypermarkets in China with upgraded facilities, as it seeks to cater to the increasingly high-end and diversified demands of younger consumers.

Earlier this week, the company said in Beijing that it would open 30 to 40 hypermarkets in the country every year, including in major cities and smaller cities, and more compact hypermarkets. Most of the compact hypermarkets are nearly 40 percent smaller than the usual.