WAL-MART Integrated Into Trust Mart To Slow Down &Nbsp; Three Generation "Integration" Executives Left.

The biggest retail giant in the world

However, compared with the virtual network, WAL-MART is in the entity.

Online and offline different experiences make WAL-MART half happy and half worried.

China's income is 7 billion 500 million US dollars, accounting for 1.8%.

At yesterday's press conference, WAL-MART announced that it had officially joined the No. 1 store, but the two sides have not disclosed the proportion of specific investments and shares.

Cheng Weibin, vice president of WAL-MART, repeatedly stressed at the scene that "a small part of investment".

Yu Gang, chairman of shop No. 1, added that during the negotiations with WAL-MART, WAL-MART never mentioned holding or acquisition.

There were rumors before that Tencent also wanted to invest in shop No. 1, but it was finally captured by WAL-MART.

Yu Gang also did not respond positively. He said he had cooperation with Tencent and other companies, and would continue to have in-depth cooperation in the future. He did not rule out the possibility of equity cooperation.

Cooperation with shop No. 1 is undoubtedly another major breakthrough of WAL-MART in the Chinese market.

According to the latest financial report released in the first quarter of April 30th according to WAL-MART's latest report, strong international sales continued to boost total revenue for the quarter. WAL-MART's quarterly revenue increased 4.4% to $104 billion 190 million, more than the $102 billion 930 million expected by analysts surveyed by Thomson Reuters.

Meanwhile, the first quarter profit increased by 3% to $3 billion 400 million, up from 3 billion 300 million US dollars in the same period last year.

"The international market is still our main driver of growth, and the number of stores and same store sales has increased.

Among them, the first quarter sales of Mexico, China and Chile were the highest year-on-year growth rates.

Mike Duke, chairman and chief executive officer of WAL-MART, said.

It is reported that in the first quarter, WAL-MART continued to maintain a 12% sales growth in China.

By the end of April, it had 333 branches in China and continued to accelerate its branch expansion.

According to Bloomberg news, WAL-MART Asia President Scott Price first disclosed China's regional performance in 2010, which earned US $7 billion 500 million in revenue last year (equivalent to 51 billion yuan), accounting for 1.8% of total revenue in 420 billion US dollars.

Analysts said that this proportion is not large, and with the accession of online business, the Chinese market will contribute more to WAL-MART's global business.

Trust and integration problem

However, in the field of e-commerce, WAL-MART has made a breakthrough in its acquisition of physical stores.

Yesterday, the latest news shows that Luo Ruilan, senior vice president and chief financial officer of WAL-MART China, has submitted his resignation to the company.

Before that, Luo Shicheng, chief operating officer of WAL-MART China, has just left.

In 1 months, two vice president level executives in China have left, which can not help but lead to many speculation in the industry.

At present, the most likely reason for the industry is that it should be directly related to promoting the integration of trust Mart.

Reporters learned that, according to WAL-MART's acquisition of trust mart's plan, before February 2010, WAL-MART will achieve a comprehensive holding of trust Mart.

However, since the integration failed to meet certain paction conditions in the contract, the final purchase date was postponed to May 26, 2011 after the two extension.

The two executives resigned before this node, which is quite sensitive.

"Mergers and acquisitions are difficult to integrate. WAL-MART and trust Mart have gone through quite a rough run in the past four years, from personnel structure to commodity procurement, from information system to warehousing and distribution."

A WAL-MART told reporters at the middle level that as of the end of last year, the hardware and system upgrading of more than 100 good Mart stores were basically over. After the pformation of the stores, all of them turned to foreign capital, and the most entangled property relations were basically resolved.

WAL-MART's integration with trust mart is now in its final stage.

However, after the integration, the scale effect of trust Mart did not appear, and the efficiency of operation declined.

Reporters at the mart Mart supermarket in Guangzhou found that the idle shelves of individual stores a month ago only recently put the merchandise together, even in the evening sales peak, the passenger flow in the store is also very limited.

Due to the lack of support from suppliers, it also led to the lack of attractiveness and price reduction in the Mart stores.

"A supplier from Guangzhou told reporters.

According to the press survey, Li Chengjie, Yu Jianyi, Meng Yongming, and the great two generations of senior executives involved in the integration of good and bad have resigned for a variety of reasons.

Now the third generation of integrators is leaving again, which may continue to slow down the progress of WAL-MART's wholly-owned acquisition of trust Mart.

However, WAL-MART did not respond to this question.

It is reported that Luo Shi Cheng has not yet found a new CO O after leaving, which is currently represented by Chen Yaochang, President of WAL-MART China.