WAL-MART Hunan Youxian Store Opened Yesterday.

Reporters learned from WAL-MART Hunan company that WAL-MART Hunan Youxian store officially opened in September 24th, which is one of WAL-MART's four new stores opened yesterday, and is also the first time that WAL-MART has entered Hunan's county-level city.

It marks the accelerated expansion of WAL-MART in the three or four tier cities in China.

Wal-Mart

Youxian store is located at the junction of Jianshe Road and Tai lane road.

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The store covers an area of more than 11000 square meters, with a total investment of more than 10 million dollars.

It is reported that the project took a total of three years.

As early as October 2013, WAL-MART China announced that it would open 110 new stores and 19000 jobs in China in the next three years, and speed up its development in 234 tier cities.

WAL-MART also said it would continue to consider strictly and invest in the right areas in pursuit of quality growth.

Wang Ying, senior director of operations, said that in order to implement the development plan of WAL-MART's 110 new stores opened in China in the next three years, WAL-MART has been looking for suitable investment opportunities in the whole province of Hunan.

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The Symposium of the forty-first chairman (General Manager) of the National Federation of large trade enterprises, organized by Yantai Zhenhua Group, was held in smoke. The general manager of 18 department stores from all over the country sat on the road, planning the development of the department store industry in the face of the impact of the Internet.

For the development of Zhenhua Group, many business executives are sincere.

"We should give Zhen Hua some praise."

The chairman of the all China Federation of trade unions, Wan Lai Hong, said that twenty years ago, when the Zhenhua Group joined the Federation of trade unions, the scale of development was not very large.

Most of the units of the Federation are located in the provincial capital city and the four municipalities directly under the central government. The size of the city is larger than that of Yantai, and the conditions of the business are better than that of Zhenhua.

Zhenhua Group has overcome its shortcomings and faced difficulties. Many indicators and achievements have been at the forefront of Chinese department stores.

Wan Lai Hong said that in 1994, when Zhen Hua group approved the establishment of joint-stock enterprises by the Shandong provincial government, there was only one Zhen Hua commercial building.

Now, Zhenhua Group has 32 department stores and 68 supermarket chains. Zhenhua chain operation network has been distributed in more than ten provinces and regions, and its annual revenue has exceeded 20 billion yuan. It has been growing at an annual rate of more than 20%, and the pace of development has reached the forefront of Chinese department stores.

In addition, Zhenhua's reform is also worth noting in the industry.

In 2000, when the National Federation of trade unions held the 40th anniversary commemorative forum in Chongqing, it called on all units to seize the opportunity and deepen reform.

Zhenhua Group immediately acted and finally realized the operator's shareholding, which greatly mobilized the enthusiasm of all parties and realized the pformation from the traditional system to the modern enterprise system.

Moreover, the pformation and upgrading of Zhenhua Group also impressed the 18 general manager of the department store.

Zhenhua Group adheres to diversified development. Under the premise of consolidating its main business, Zhenhua extends to real estate, wine, financial investment, e-commerce and other fields, and successfully operates several real estate projects, department stores and supermarkets, retail and real estate, and many formats.

Wan Lai Hong said that Zhenhua Group's strategy of going out was also very successful.

In addition to its leading position in Yantai, Zhenhua Group has entered more than a dozen intermediate cities such as Weihai, Weifang, Dongying and Liaocheng. It has also entered the Ji'nan of the provincial capital and entered Tianjin, and established a chain network with Yantai as the center and based on Shandong and the whole country.