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Wal-Mart Grabs Bigger Share Of West China's Retail Market

July 11, 2016: 12:00 AM EST
Wal-Mart saw its share of the retail market in China's West region grow from 5.7 percent in 2015 to 6.4 percent in the 52-week period ending May 20, 2016, according to Kantar Worldpanel. Data from the market research firm revealed consumer spending on FMCG rose 2.4 percent during the period, significantly lower than the 5.1 percent recorded in the country during the previous year. Local retailer Yonghui's share of the market rose from the previous year's 3.6 percent to 4.9 percent, overtaking Vanguard to become the second largest retailer in the West region.
"Wal-Mart’s share growth accelerates in China", Kantar Worldpanel, July 11, 2016, © Kantar Worldpanel
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