Walmart Grabs Bigger Share Of China's Retail Market, Thanks To Chinese New Year

Walmart saw its share of China's retail market grow from 4.8 percent to 5.0 percent in the 12-week period ending January 27, 2017, according to Kantar WorldPanel. Data from the market research firm revealed that the Chinese New Year boosted sales for Walmart and other retailers. Walmart has revised its business strategy in China, adapting to the country's retail market conditions by moving resources to rural areas and opening more Sam's Club stores.