Wal-Mart to Expand in China With 110 New Stores

Wal-Mart plans to open as many as 110 stores in China between 2014 and 2016, as well as several new Sam's Club locations there. The new stores will employ as many as 19,000 people. Wal-Mart also plans to open 30 stores and close 25 underperforming stores in China, where it currently operates 400 Wal-Mart locations and 10 Sam's Club locations, by year's end. The retailer also aims to remodel about 45 Chinese stores this year, 55 next year and 65 during the following year.