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COPYRIGHT 2006 Asia Pulse Pty Ltd
BEIJING, Feb 28 Asia Pulse - Top foreign retailers such as Wal-Mart and Carrefour plan to accelerate store openings in China this year to further strengthen their presence in the rapidly growing market.
"Wal-Mart intends to open 18 to 20 new stores throughout the country in 2006," Gao Jing, public relations manager of Wal-Mart China, tells China Business Weekly.
Gao says the retailer opened 13 new outlets in China in 2005, for growth of at least 35 per cent.
Interestingly, when Wal-Mart's President and Chief Executive Officer Lee Scott visited China in late October, he said the company's goal was to open only 13 stores in 2006, to increase the total to 62.
The...
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