Wal-Mart China Posts Strong Sales Growth In 1Q 2016

Wal-Mart said total sales in China rose 5.1 percent in the first quarter of 2016, compared with the same quarter in the previous year. Driven significantly by the strong performance of Chinese stores during the Chinese New Year, Wal-Mart China also said comparable sales grew 1.4 percent and comparable per-customer transaction jumped 5.2 percent. Data from market research firm Nielsen revealed Wal-Mart China's fast moving consumer goods share in hypermarkets grew for 13 consecutive quarters.