Wal-Mart to open 100 more stores in China by 2015

BENTONVILLE, Ark., Fri Oct 26, 2012 – Wal-Mart Stores Inc (WMT.N) plans to open 100 more stores in China and create 18,000 jobs there over the next three years, it said on Friday, in a bid to boost its presence in China’s booming but highly competitive hypermarket sector.

Wal-Mart, which has 370 stores and more than 100,000 employees in China, was a pioneer in the market, but now faces much greater competition from Britain’s Tesco Plc, Germany’s Metro AG, France’s Carrefour and domestic firms, as well as a slowing economy.

China’s hypermarket sector, in which retail sales reached 506.9 billion yuan ($81 billion) last year according to Euromonitor, includes the world’s three largest retailers in Wal-Mart, Carrefour and Tesco, and domestic brands led by Sun Art Retail Group.

Apple discussing possible stores inside of Sam’s Club locations

CUPERTINO, Calif. – Apple is in early discussions with Sam’s Club to open retail locations inside of its stores, reports 9to5Mac.

Sam’s Club already sells Apple’s iPhones, iPods, and iPads, but the proposed arrangement would allow for a store-in-a-store situation.

Apple is already planning this same scenario under a partnership with Target.

There’s a backup plan in the works in case the two companies decide not to team up – Sam’s Club may start carrying Apple computers as well as iOS devices.

No word on whether or not these arrangements could include Walmart, parent company of Sam’s Club.