WAL-MART'S Breach Of Contract Is Threatened By A Huge Claim From The Signing Shop

< p > closing stores with poor performance is only part of China's adjustment strategy, less than a href= "//www.sjfzxm.com/news/index_c.asp" > WAL-MART < /a >.

Yesterday, there was news that WAL-MART had terminated a number of contracts that had been signed but not yet opened, causing owners to claim hundreds of millions of dollars in WAL-MART's claims.

This is interpreted by the industry as WAL-MART to sacrifice the number of new stores to ensure the quality of the overall store.

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< p > WAL-MART China said in response to the Beijing Commercial Daily reporter that WAL-MART always respected and strictly adhered to Chinese laws.

"The reports involved are legal disputes between commercial enterprises, and it is not convenient to comment on details.

We will strictly solve the problem in accordance with relevant laws and through appropriate legal channels.

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< p > it is understood that Hebei's Shijiazhuang, Jiangsu Lianyungang, Anhui Mount Huangshan and Zhejiang Ningbo and other "a href=" //www.sjfzxm.com/news/index_c.asp "two or three line cities" /a "commercial landowners have encountered WAL-MART's active termination.

These owners signed a contract with WAL-MART about four or five ago, and invested a lot of money in decorating according to WAL-MART's hardware requirements.

But in the end, WAL-MART terminated the lease agreement with the above owners on the grounds of postponed delivery, unsatisfied construction conditions and so on.

The owners have submitted an arbitration application with a claim amount of 100 million yuan.

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Guo Zengli, director of the industrial information center, "P" > China a href= "//www.sjfzxm.com/news/index_c.asp" > shopping center < /a >, told reporters that WAL-MART will actively pay off the developer and will pay damages in general.

However, there will be some conditions when the two sides sign the contract. For example, when the opening rate is not up to a certain level, WAL-MART will not have to pay liquidated damages for its cancellation.

This is also a great disadvantage for developers.

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< p > the above owners said that because of the special requirements of WAL-MART hardware, the cost of a single project is 90 million -1 billion yuan. If the business is not properly opened, these investments will not be recovered.

In this regard, Guo Zengli believes that property loss is not the most important, because the hardware format of the hypermarket format is universal, even if WAL-MART withdraws, it is also applicable to other supermarkets.

"The delayed reaction of project opening is the biggest loss for developers.

Especially for the real estate projects with WAL-MART as the main store, some brand associations require that they enter the main stores only after they are opened.

The hypermarket project can certainly renegotiate, but developers can not afford to wait for this time.

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< p > Guo Zengli believes that WAL-MART has become conservative in its opening up strategy, and hopes to open a shop to become a shop, which will minimize the risk of operation.

Since Gao Fu Lan took the CEO in China, WAL-MART began to shift from rapid opening to store oriented quality.

Since last year, some stores have been closed down. This year, we plan to close 25 stores that are not well positioned and are not good enough.

This is seen as a bill for the opening of the "great leap forward" period in the Chen Yaochang era. WAL-MART has been in a variety of bad voice all the year round.

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< p > however, this adjustment seems to have achieved initial success. WAL-MART has ranked the top three in the supermarket format than the Lianhua Supermarket in the 2013 China fast food products chain 100, which has just been released by China Chain Store Association.

What's more striking is that WAL-MART's sales growth rate reached 24.5% last year when the first 100 digit sales growth of chain 100 stores including department stores, restaurants and supermarkets grew.

By comparison, the growth rates of Carrefour and big RFA were 3.2% and 11.4% respectively.

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