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March 21, 2006
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Tuesday
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Safar 20, 1427
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Wal-Mart stores
NEW YORK, March 20: US retail giant Wal-Mart Stores said on Monday it plans to open 20 outlets in China this year as it takes the fight to foreign rivals in the booming country.
“Wal-Mart plans to open 20 stores in China this year,” company spokeswoman Amy Wyatt said, without specifying their locations.
“We could hire up to 150,000 people there to fill the store growth in the next five years,” she added.
Wal-Mart first entered China in 1996 and now has 56 stores employing about 30,000 people. The anticipated hirings would match the entire global workforce of US computing group Hewlett-Packard.—AFP
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