86 100
Fashion Jobs
STAND OUT FOR GOOD
Brand Rep (Sales Associate)
Permanent · ANN ARBOR
JCPENNEY
Asset Protection SC Manager
Permanent · CEDAR HILL
JCPENNEY
Beauty Field Manager-Bay Area
Permanent · DALLAS
JCPENNEY
Asset Protection Manager-San Antonio, TX
Permanent · SAN ANTONIO
RALPH LAUREN
Associate Manager
Permanent · HERSHEY
A & F
Abercrombie & Fitch - Assistant Manager, International Market Place
Permanent · HONOLULU
A & F
Hollister CO. - Brand Representative, Galleria at Tyler
Permanent · RIVERSIDE
FOOT LOCKER
Director of Safety (Supply Chain)
Permanent · CAMP HILL
LEE
PT Keyholder, Estero, FL
Permanent · ESTERO
URBN
Free People: Merchandise Planning Manager
Permanent · PHILADELPHIA
URBN
Free People: Senior Merchandise Planner
Permanent · PHILADELPHIA
KOHLS
Operations Supervisor - Weekend Overnights
Permanent · EDGEWOOD
KOHLS
Full-Time Loss Prevention Officer
Permanent · SOUTH BURLINGTON
ADIDAS
Key Account Manager: Athletic Footwear
Permanent · PITTSBURGH
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · GOSHEN
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · NAPLES
KOHLS
Shift Leader/Operations Manager - Weekend Night Shift
Permanent · PATASKALA
AMERICAN EAGLE OUTFITTERS
Aerie - Merchandise Leader (Part-Time) - us
Permanent · POOLER
AMERICAN EAGLE OUTFITTERS
ae - Merchandise Leader (Part-Time) - us
Permanent · MURFREESBORO
AMERICAN EAGLE OUTFITTERS
Aerie - Merchandise Leader - us
Permanent · KAPOLEI
NAVY EXCHANGE
Buyer (Level i) - Beauty Care
Permanent · VIRGINIA BEACH
NAVY EXCHANGE
Buyer (Level i) - Pet
Permanent · VIRGINIA BEACH
By
Reuters
Published
Jul 15, 2015
Reading time
2 minutes
Download
Download the article
Print
Text size

CEO, chairman quit Wal-Mart's China e-commerce firm Yihaodian

By
Reuters
Published
Jul 15, 2015

The CEO and Chairman of Wal-Mart Stores Inc's Chinese e-commerce company Yihaodian.com have quit "to pursue their next venture", the U.S. retailer said on Wednesday, as it aims to grow a company still far smaller than local rivals.

"Yihaodian co-founders, Chairman Gang Yu and CEO Junling Liu have announced they are leaving Yihaodian," Walmart said in a statement, adding that it is recruiting other leaders.


The U.S. company "will work to accelerate (Yihaodian's) growth ... and Walmart continues to be committed to investing in China and in e-commerce."

The world's biggest retailer, Wal-Mart plans to close some under-performing stores in China and seek to tap into the faster-growing online grocery market through its digital Yihaodian.com platform.

Wal-Mart's Asia head Scott Price told Reuters earlier this year that online retail was important to help tap China's younger generations. "What we're finding is that the Chinese customer is going online and they're going online outside of China pretty aggressively," he said.

Wal-Mart, along with France's Carrefour SA and Britain's Tesco PLC have all seen sales growth slip over the last five years, losing market share to local rivals, according to a report from consumer analytics firm Kantar Worldpanel.

But Yihaodian.com remains dwarfed in China by Alibaba Group Holding Ltd and JD.com Inc, let alone the many other rivals it competes with including compatriot Amazon.com Inc.

In 2012, Wal-Mart took control of Yihaodian.com by bumping up its stake to 51 percent, scouring for new sources of revenue outside traditional retail amid tough competition and hoping to latch onto a boom in Chinese e-commerce.




 

© Thomson Reuters 2024 All rights reserved.