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Wumart Stores, Inc. Company Profile
America has Wal-Mart. China has Wumart. One of China's leading retail chains, Wumart Stores operates about 435 company-owned and franchised stores, including about 330 convenience stores and some 100 hypermarkets, primarily located in Beijing, Hebei, Tianjin, and surrounding areas. The stores sell food and general merchandise under local and Western brands, including P&G, Unilever, and Colgate. Wumart also holds a 25% stake in Beijing-based supermarket operator Chao Shifa. The retailer is expanding rapidly to strengthen its market leading position in the capital city and plans to open a department store there. Wumart (Chinese for "good product") established its first supermarket in 1994.
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