WAL-MART Hefei Closes Fourth Stores And Sells Discounted Clothes Everywhere.

After shutting down 3 stores in Hefei, WAL-MART began closing fourth stores in Hefei.

In December 30, 2015, WAL-MART (China) announced that for further optimization

WAL-MART Hefei Changjiang East Road shop will be closed from January 12, 2016.

At present, the WAL-MART supermarket on the Changjiang East Road between Hefei and the two ring road is selling more than all the rental advertisements.

Businesses.

WAL-MART Hefei Changjiang Road store is also the fourth stop shop in Hefei after Feixi second ring shop, Changjiang Road store and Shuguang shop.

As for the reasons for closing stores, WAL-MART (China) Investment Co., Ltd. responded that this is due to Wal-Mart Store Inc's own resource integration, which is related to the company's overall business plan in China.

It is understood that

After opening its first store in Hefei in 2008, there was a huge expansion in the two years of 2010~2011, which opened eight stores, namely Shuguang Road store, Tongling Road store, emerald Road store, Mount Huangshan Road store, Shengli Road store, Changjiang East Road store, cooperative road store and Wuhu Road store.

However, from 2013 Mount Huangshan Road shop closed business, 3 years, three stores closed.

At present, there are 4 WAL-MART supermarkets in Hefei that are operating normally.

WAL-MART also said that the shopping cards owned by the public can continue to be used in other stores or refund the balance in the shopping cards.

However, Ling Bin, deputy director of the Real Estate Research Institute of Hefei University, seems that in the commercial real estate, the mode of big supermarkets and small shops is widely replicated, commercial spots are gathered and business models are similar. The products, services and business ideas are similar. This is a question that needs to be calmly ponder. It is perhaps more important to pay more attention to the experience and needs of consumers. "The intensification of homogeneous competition and the impact of the rise of local supermarkets have brought about a great impact on foreign supermarkets."

Sun Tao, an insider in the supermarket industry, told reporters that WAL-MART has been closing stores in Hefei. Homogenization competition is an important reason. "Now the commercial real estate in the city is more and more. The establishment of a commercial complex will lead to the emergence of a large number of shopping centers and supermarkets, which has led to the rise of domestic supermarkets. These local supermarkets are well aware of the needs of consumers, and have taken a lot of sales promotion measures, which is more intense for foreign supermarkets."