Falling market share has some chains pulling back in China

03/31/2013 | China Daily (Beijing)

Wal-Mart, 7-Eleven and Home Depot are among the Western chains that have closed stores and/or scaled back expansion plans in China recently, and store closures are growing increasingly common in parts of the country as competition grows and economic growth slows, experts say. Both Sun Art Retail Group and Wal-Mart began losing market share in China in the fourth quarter of last year, according to Kantar Worldwide.

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China Daily (Beijing)

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