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• The Financial Times writes that “Walmart, the world’s largest retailer by sales, is launching a push to reach lower-income and rural consumers in China with a new ‘compact hypermarket’ format originally developed in its Latin American markets.”

Doug McMillon, CEO of Walmart’s international business, tells FT that the compact supermarket “is a smaller store, typically a cheaper physical plant; a cement floor, perhaps brick walls, sometimes we don’t have air conditioning. It is going to help us reach more people ... not only in urban markets but also reaching people in rural areas...”
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