Walmart China's Q4 points to retail health

Sales growth stands out in fast-moving consumer goods, hypermkt, e-commerce

Walmart China's strong fourth-quarter growth, propelled by its high-end membership store Sam's Club and e-commerce services, serves as a sign of steady recovery of the fast-moving consumer goods and retail sectors this year, said industry insiders.

According to the global retailer's recent financial results released on Feb 21, Walmart delivered strong revenue growth globally in the fourth quarter with strength in stores and e-commerce. Total revenue in the quarter was $164.0 billion, up 7.3 percent year-on-year.

Walmart China achieved net sales growth of 13.5 percent and comparable sales growth of 13.3 percent in the quarter.