China 3C Group has signed a wholesale supply agreement with Wal-Mart China to sell audio electronic equipment, including radios, CD players and stereo equipment at six Wal-Mart stores in the Zhejiang province beginning in April 2008.
This agreement provides China 3C Group with the possibility of expanding its distribution into other Wal-Mart stores located in Eastern China as well as in other surrounding provinces in China in the future. Including Wal-Mart's six stores in the Zhejiang province, Wal-Mart currently has thirteen stores in Eastern China and eighty-one stores overall in China.
Michael Chen, Wal-Mart district manager for the Zhejiang province commented, "Wal-Mart is pleased to reach an agreement with China 3C Group to sell its products in our six stores in the Zhejiang province. China 3C Group is a major provider of electronic consumer goods in Eastern China with many leading consumer brands in its portfolio. We believe the presence of their products in our stores has the opportunity to enhance the overall product offering and enrich the shopping experience for our customers. We look forward to strengthening our relationship with China 3C in the months ahead."