The US retailer is setting up an e-commerce centre in Shanghai to manage its on-line business in the country. Vice President of Walmart China, Barry Friedman, said the move signaled e-commerce will be a key part of the retailer’s future in the market, and that the scale of its China e-commerce should rival that of the US over the next few years. Walmart has signed a Memorandum of Understanding with the Shanghai Municipal Commission of Commerce for the construction of the e-commerce unit in the city. Under the terms of the deal, it has committed to bringing superior technology and talent to Shanghai, alongside assisting the authorities concerning training and infrastructure development.
In the meantime, in the US, Walmart plans to launch a new minority supplier program in Chicago that will subsequently be expanded nationally, according to published reports reported by Supermarket News.
Sources said Thomas Mars, executive vice president and chief administrative officer for Walmart, told a Metropolitan Planning Council luncheon Monday in Chicago that Walmart will focus its efforts on using minority-owned supplier companies for food, general merchandise and professional services. Walmart has disclosed plans for at least eight stores in Chicago, including two supercenters, three Walmart Markets and three Walmart Express locations.
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