On August 15 2024, Wal-Mart released its financial report showing that total revenue for the second quarter of this fiscal year reached US$169.335 billion, a year-on-year increase of 4.8%. Among them, the China market still performed strongly. Wal-Mart's net sales in the second fiscal quarter in China were US$4.6 billion, a year-on-year increase of 17.7%. The growth rate continued to expand for two consecutive years, showing strong market competitiveness and profitability.
Sam's Club is one of the first retailers in China to install the Electronic Shelf Labels in their offline stores.
Since 2021, Wal-Mart ranks among the top 100 supermarkets in China, and its sales continue to grow every year. However, the operating conditions of Wal-Mart's traditional offline stores are not outstanding. According to statistics, in the past two years, nearly 60 Wal-Mart stores have closed. In the first half of 2024 alone, Wal-Mart closed at least 17 stores.
