date:Apr 29, 2014
rice deflation in liquor, edible oil and rice has damped operations in China, Cheesewright said on a conference call in February. The overall market in China remains challenged.
The China business posted an operating loss in the fourth quarter ended Jan. 31, and sales expanded 3.7% while same-store sales rose 0.4%, Cheesewright said.
Wal-Mart plans to add as many as 110 stores over three years in China, while shutting some outlets and remodeling others, the company said Oct. 24.
In Japan, whe