Wal-Mart refines strategy in China

|By:, SA News Editor

Wal-Mart (WMT +1%) will close about 25 retail stores in China in order to focus on the "healthy" core the company has set up in the nation.

The retailing giant is still pushing forward with a three-year 100-outlet store expansion, but is reworking its strategy around building a more consistent brand image.

Subscribe for full text news in your inbox