CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: PROF. KHALID MUBARAK AL-SHAFI

Business

Wal-Mart stumbles in China

Published: 21 Feb 2014 - 11:17 pm | Last Updated: 25 Jan 2022 - 10:39 pm

A customer shops at a Wal-Mart store in Beijing. Wal-Mart Stores, famed for its low prices, has stumbled in the one major market. Chinese consumers say they want food that is safe and authentic, and, after 17 years, Wal-Mart is changing its approach, closing some big-box stores that never quite caught on with locals.