Hong Kong -- The Asia arm of Wal-Mart Stores Inc. said Monday it has achieved energy savings of 20% across 210 supplier factories in China. According to Walmart Asia president and CEO Scott Price, the factories have “cut their energy consumption by a...
HONG KONG, Feb. 7, 2012 – Walmart announced today that Greg Foran, senior vice president for Walmart International, has been named president and CEO of Walmart China. Foran will relocate to China, pending work visa approval, and assume his new role effective March 1. A thirty-year retail veteran, Foran joined Walmart in October 2011. Prior to that, he grew his career in New Zealand and Australia from a part time job stocking shelves to head of Woolworths’ Supermarket Division. Foran held several senior roles within Woolworths including General Manager of Big W, the company’s discount department store division, and
SHENZHEN, China – Asia, along with Latin America, will be a key driver of sales and earnings growth in years to come, Walmart executives said at an investors conference here this week. "In a nutshell, what we’ve got to do is continue to drive some growth in the really profitable markets like Mexico and Canada where we have terrific returns, continue to drive growth in a country like the United Kingdom, and then simultaneously lift these other international markets, countries like Brazil, places like China, to a higher level of profitability without slowing down the growth so the portfolio
Bentonville, Ark. -- Wal-Mart Stores’ Scott Price, CEO for Asia, said Wednesday that the retailer makes $16 billion in annual sales in Japan, China and India. In a report broadcast on Wal-Mart’s website and covered by Bloomberg, Price said that operations in Japan have $8 billion annual sales from 414 stores with 36,000 workers. Annual revenue is $7.5 billion in China, generated by 329 stores, and sales in India are less than $1 billion a year, according to Price.