Wal-Mart recently fired thirty of its corporate executives in China, and hundreds of others, in an effort to save costs. The US retailer has a hard time to keep up with the gruesome competition, tells retail analyst Ben Cavender in the China Daily.
Category Archives: Wal-Mart
Shocking food scandals in China were mostly domestic affairs, but government agencies now focus on foreign firms, tells retail analyst Paul French in Ethical Corporation. With some success, the empire strikes back.
Cheap labor has made the country into a source of deflation for global consumers, but as Chinese wages go up, consumers in Wall-Mart and elsewhere better prepare for higher prices, tells the author of The End of Cheap China Shaun Rein an in interview with the BBC radio.
Killing a chicken to scare the monkey, is a famous saying in China. Giving Wal-Mart trouble might be a way for Chinese authorities to send a signal to foreign companies in China, tells business analyst Shaun Rein in Business Week. Local protectionism is on the rise.
Unlike Wall Street Journal’s columnist Bussey Shaun Rein does not think Wal-Mart – or any other foreign retailer in China – is bullied by the authorities. It’s Wal-Mart who betrayed its customers. Foreign retailers gain more and more market share, he tells in CNBC.
Low prices might be Wal-Mart’s key marketing tool in the US, in China you lose as a foreign company from domestic competition if you try to beat them on prices, tells business analyst Shaun Rein in Reuters.
American retailers have a hard time surviving outside their home turf, compared to European and Asian companies, retail analyst Paul French tells Reuters. Wal-Mart had to close stores and saw staff arrested because of price manipulation and mislabeling food products in their stores.
Image via Wikipedia China played a key role in the emotions surrounding the US midterm elections. Janet Carmosky explains in Forbes why strengthening of the Chinese currency is wrongly on…