1. News
May 18, 2021updated 05 Nov 2021 5:53am

Suning subsidiary Retail Cloud opens 9,000th Chinese store

Smart shopping chain Suning’s Retail Cloud has opened its 9,000th store in Chongqing, China.

Retail Cloud, a subsidiary of China-based smart retail service provider Suning, has opened its 9,000th store in the country.

Free Report
img

Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

The store, located in the south-western city of Chongqing, is owned by retail cloud franchisee Bi Bo.

Bo said: “Home appliances and home furnishing businesses can bring more choices for customers, thus increasing sales while attracting more customers. I believe this is the big advantage of Suning Retail Cloud.

“The single-handed model of doing business no longer works. What we are competing is the comprehensive user experience brought by brand, management, after-sale services including logistics and others.”

Suning aims to strengthen its footprint in south-western China by opening another 600 Retail Cloud stores. This would take its total number of stores in the region to 2,000.

Retail Cloud focuses on lower-tier cities and county-level markets in China, aiming to help micro and small business merchants to start a business.

It addresses daily operation difficulties experienced in supply chains, software-as-a-service (SaaS), logistics and warehouses.

It has partnered with more than 1,800 brands so far, and serves more than 200 million users through online and offline platforms.

Suning.com senior vice-president Gu Wei said: “In three years of rapid development, Retail Cloud has always worked closely with partners to grow together and achieve win-win situations.

“By reorganising and integrating resources in the upstream and downstream of the entire industry value chain, Retail Cloud has built a modern business circulation system in counties and towns that takes into account both quality and efficiency.”

Suning officially launched Retail Cloud in July 2017. As of last December, the retailer has successfully opened a total of 8,000 stores.

During the first quarter of this year, the business opened 584 more stores and saw its sales scale increase by 69% year-on-year.

Last month, Retail Cloud closed a series A financing round with participation from CPE China Fund and ADV Partners.

In September 2019, Suning signed a deal to purchase an 80% stake in French retailer Carrefour’s Chinese operations for €620m ($677.22m).

Free Report
img

Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.