Walmart has outlined aggressive store expansion plans in China.
500 new outlets by 2026
Walmart plans to open 500 new stores in China in the next five to seven years. This will more than double its presence in the country. The China Daily reports that the new openings will consist of a mix of hypermarkets and supermarkets.
The new stores will increasingly focus on hypermarkets in commercial properties and supermarkets that serve communities. The latter format, known as Walmart Huixuan, follows the successful trial of eight such stores in Guangdong province. These operate less than a tenth of the 15,000 sq m average size of Walmart China’s hypermarkets. The first of which opened in April 2018 and subscribers can view our Walmart Huixuan store visit report here.
Walmart also reiterated plans to open 45 new Sam’s Club outlets by 2022.
Upgrading logistics and existing stores
Walmart will open new depots to fulfil and meet growing online orders. It also plans to upgrade more than 200 existing stores, accelerating digital transformation as part of Walmart’s efforts to bridge the gap between offline and online. Revamped stores will be refitted with features such as self-service cash registers that use facial recognition.