Walmart China Q4 sales point to retail health

Positive trend: McMillon during a panel session on a gathering of top executives in Switzerland. The Walmart chief executive officer said they are excited about its momentum and is well-positioned to start this financial year. — Bloomberg

SHANGHAI: Walmart China’s strong fourth-quarter growth, propelled by its high-end membership store Sam’s Club and eCommerce services, is a sign of steady recovery in the fast-moving consumer goods and retail sectors this year, say industry insiders.

According to the global retailer’s financial results released on Feb 21, Walmart delivered strong revenue growth globally in the fourth quarter, with strength in stores and eCommerce.