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China’s discerning shoppers prefer members-only retailers like Walmart’s Sam’s Club


China’s discerning shoppers prefer members-only retailers like Walmart’s Sam’s Club

While traditional supermarkets struggle with the rise of e-commerce, Linda Wang of Shanghai still visits Sam’s Club, a members-only wholesale store owned by Walmart, the world’s largest retailer. “Their selection seems more curated,” says Wang, an executive who spends an average of more than 1,000 yuan ($140) each time she shops for her family of […]

Walmart and Alibaba earnings: What can investors expect?


Walmart and Alibaba earnings: What can investors expect?

The Q2 2024 earnings season is slowly coming to an end. It continues to be positive and encouraging. Earnings growth is expected to be positive again and this trend is likely to continue in the upcoming Q3 cycle. This week, several notable companies – Walmart WMT and Alibaba BABA – reported their quarterly results. Both […]