Wal-Mart to Grow by More Than 30% Annually in China
Beijing Wal-Mart Stores said it plans to keep expanding in China at more than 30% annually, as it won government approval to open its 100th store in the fast-growing consumer market.
The company currently has 94 stores open in China, with others in preparation, and has opened 24 this year alone, Terrence Cullen, VP of development for Wal-Mart in China, said at a news conference on Monday.
Wal-Mart has invested $230 million in China since opening its first store in 1996, and buys about $18 billion of goods a year from mainland factories, importing more than 6,600 products from the United States for sale in its mainland retail network.
New Apple store opens today
NEW YORK Apple today is opening its newest store in New York City’s trendy Meatpacking District.
The West 14th Street store opens its doors at 6:00 p.m. Eastern time and will become the largest Apple Store in Manhattan. For the first time, the three-story store will feature two floors dedicated to products and a third to services, the company reported.
The services floor will feature a 46-foot Genius Bar and specially designed areas for workshops and personal training on applications such as Final Cut Pro.
Bed Bath and Beyond to open in Canada
RICHMOND HILL, ON Bed Bath and Beyond today announced that it will be opening its first store in Canada at the Glen Shopping Center in Richmond Hill, ON.
The 34,000 square-foot store will feature several of the retailer’s popular brands including SimpleHuman, Oxo, Breville and HoMedics, the company reported.
“We are excited to open our first store in Canada and to share our long standing traditions of exceptional customer service, great value and a broad assortment of merchandise with the GTA [Greater Toronto Area]. Our new location in the town of Richmond Hill, which is experiencing a time of extensive growth, is centrally located off major highways and offers easy access for customers,” stated Steven Temares, ceo of Bed Bath and Beyond.