80 stores closed in 4 years, Walmart to be replaced?

When we talk about Walmart, the first thing that comes to mind is its classic blue sign and a wide range of merchandise shelves. Since Walmart entered the Chinese market, it is different from the traditional supermarket retail model quickly attracted a large number of consumers, and because of the good quality and low price quickly occupied the various markets in China, even in the seven or eight cities have Walmart's shadow. Walmart is indeed very powerful.

It's just that as of 2020, Walmart has closed 80 stores in 4 years, across nearly 6 provinces! That's a bit worrisome, and it might have something to do with the impact of the new retail industry. The new retail industry relies on the Internet and artificial intelligence big data, quickly to every corner of the retail market, many offline retailers have opened online channels to retain their own not so quickly eliminated by the market, even Walmart such retail giants are inevitably relying on the major mainstream social networking apps, opened up a "network of small stores. ".

Therefore, combined with the operation of Walmart's store closures from 2016, many people believe that Walmart's momentum has gone, which inevitably also makes people a little lost, after all, Walmart has accompanied us for many, many years.

Remember Walmart just entered the Chinese market in Shenzhen to open the first store when, to the grocery stores and wholesale markets and other department stores to bring a new retail concept and model, but also for consumers to bring a new experience, people found in Walmart not only can buy daily necessities can also buy household goods, shopping convenience and experience The sense of good enough, so with Walmart in Chengdu, Hangzhou, Beijing and other mainstream cities in the market to enter, to create the sales are again and again to break through the original amount, even in Nanchang, a seemingly not busy lot, but also to create a stunning and unique sales.

And this is in stark contrast to the current state of Walmart's accumulation. Then Walmart had the right place, the right time and now, with the new retail industry, it's feeling like it's taking a step back and saving money by closing stores to minimize the damage that the new retail industry is doing to it.

My personal guess is that Walmart should be adjusting its strategic layout, after all, it has been rooted in China for decades, not to say that the fall, and the environment of the Chinese market and consumer bidding, through decades of operation is also a little known. This is also Walmart in China to consolidate and upgrade the important foundation .

According to a survey of consumer data on the Chinese market, under the impact of the new retail industry, supermarkets and hypermarkets in China this year 2021 have seen a very large decline in sales , with percentages as high as 7% or more. That's why many superstores are closing so frequently, and not just Walmart, but if you look closely, you'll see that popular brands like RenRenLe are also starting to strategically close their stores.

It's just that not every retailer has the foundation and strength of Walmart to be able to close stores and push out a new retail model at the same time. Walmart's membership franchise has opened dozens of stores in China, and is primarily targeted at middle-class consumers. Because this group of consumers have requirements for the quality of life, for Sam's Club imported and relatively cost-effective goods is very satisfied. Because of this, Walmart's losses from store closures seem to have leveled off.

Walmart is also still closed, the Internet is still warmly discussing whether Walmart is gone, and even some people predict that Walmart will withdraw from the Chinese market. But no matter what, I personally believe that Walmart, the retail giant, will not easily fall, and even more so, it will not easily withdraw from the fat market of China's huge population , after all, Walmart has also voiced its plan to open up its membership franchise Sam's Clubs to 100 stores by 2028 .

If Walmart does get replaced one day he'll just be a different face to meet everyone. What do you think?

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