We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

Wal-Mart Slims Down Management Ranks Of China Unit

November 26, 2014: 12:00 AM EST
Wal-Mart Stores Inc. said it is eliminating almost 30 director and midlevel management jobs in China as part of the retailer's efforts to reduce costs and improve declining sales in the country. Retail sales in China grew 12 percent in the first 10 months of 2014, compared with 13 percent in the previous year, according to the National Bureau of Statistics. Wal-Mart, which has about 400 stores in the country, reported sales dropped 0.8 percent in the third quarter of 2014.
Laurie Burkitt, "Wal-Mart Stores Cuts Nearly 30 Directors and Midlevel Managers in China", Wall Street Journal, November 26, 2014, © Dow Jones & Company, Inc
Domains
China Business
Focus Areas
Sectors
Retail
Market News
Geographies
Worldwide
Asia-Pacific
China
Categories
Companies, Organizations
Market News
Developed by Yuri Ingultsov Software Lab.