Walmart plans 115 new stores in 2 years

Walmart has already more than 410 stores in China and plans to further increase its operations with more than a hundred additional stores.

China is a key strategic market for Walmart. The US retail giant plans to increase its investments in the country. By 2 years Walmart plans to open 115 new stores.The brand also wants to continue to reshape and modernize its stores after improvements in 90 of its stores, Walmart is already planning more than 50 renovations in 2015.

The upgrade stores leads to a greater efficiency such as installing LED technology lights, which in turn reduces costs and improves business performance.

Analysts said Walmart's market share in China has rec

orded an increase in 8 consecutive quarters (data at end 2014). The New Year period has been satisfactory, the market share continued to grow during the first 2 months of 2015.