retail news in context, analysis with attitude

• The Wall Street Journal reports that Walmart has promised to "strengthen vendor compliance in China," as it responded to criticism from the Chinese media that it was violating the country's permit procedures as a way of increasing profits.

According to the story, "China Central Television last week accused the world’s largest retailer by sales of bypassing China’s quality, trade and food-manufacturing permit procedures and working with unlicensed vendors since 2006." While there have been no indictments, and Walmart at first defended its practices as diligent, now it is promising to "increase its scrutiny of documents related to products being sold by vendors in its stores in China. The Bentonville, Ark., retailer said it would collect more than a million documents annually to verify product labels, ensure that government test results are received for all items and substantiate product claims, such as 'organic,' according to the statement."

Walmart currently operates more than 400 stores in China.
KC's View:
I always find it vaguely amusing when the Chinese establishment gets annoyed by people or companies misrepresenting ingredients or sources. Just seems ironic….