Wal-Mart (WMT) plans to close down three superstores in China as it make strategic adjustments...

|About: Wal-Mart Stores, Inc. (WMT)|By:, SA News Editor

Wal-Mart (WMT) plans to close down three superstores in China as it make strategic adjustments in the nation where it has seen a bumpy ride amid an environment of rising labor costs and PR mishaps. Moving in the other direction is the interestingly-named Wumart. The Chinese firm is the leading retail chain store in China by profits and has plans to keep adding stores.