"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2019-05-16T22:36:32Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2019/05/16/grocery-wars-aldi-walmart-orig.cnn-business"
data-branding-key=""
data-video-slug="grocery wars aldi walmart orig"
data-first-publish-slug="grocery wars aldi walmart orig"
data-video-tags="business and industry sectors,business, economy and trade,retail and wholesale trade,supermarkets and groceries,warehouse stores and big box stores"
data-details="">
Video Ad Feedback
These are the unexpected winners of the grocery wars
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2019-05-16T22:36:32Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2019/05/16/grocery-wars-aldi-walmart-orig.cnn-business"
data-branding-key=""
data-video-slug="grocery wars aldi walmart orig"
data-first-publish-slug="grocery wars aldi walmart orig"
data-video-tags="business and industry sectors,business, economy and trade,retail and wholesale trade,supermarkets and groceries,warehouse stores and big box stores"
data-details="">
Video Ad Feedback
These are the unexpected winners of the grocery wars
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-06-15T04:40:03Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/06/14/fish-and-chips-uk-dishes-rising-food-prices-war-in-ukraine.cnnbusiness"
data-branding-key=""
data-video-slug="fish and chips uk dishes rising food prices war in ukraine"
data-first-publish-slug="fish and chips uk dishes rising food prices war in ukraine"
data-video-tags="agricultural commodities,agriculture,agriculture, forestry, and commercial fishing,banking, finance and investments,business and industry sectors,business, economy and trade,commodity markets,consumer products,continents and regions,europe,financial markets and investing,food and beverage industry,food prices,food production industry,northern europe,price increases,russia-ukraine conflict,united kingdom,unrest, conflicts and war"
data-details="">
Video Ad Feedback
Russia's war in Ukraine threatens one of England's most famous dishes
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-06-08T13:32:55Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/06/08/taco-bell-defy-drive-thru-restaurant-nr-vpx.cnn"
data-branding-key=""
data-video-slug="taco bell defy drive thru restaurant nr vpx"
data-first-publish-slug="taco bell defy drive thru restaurant nr vpx"
data-video-tags="business and industry sectors,business, economy and trade,companies,continents and regions,fast food,food and beverage industry,food and drink,midwestern united states,minneapolis,minnesota,north america,restaurant and food service industry,restaurant industry,restaurants,taco bell,the americas,united states,yum brands inc"
data-details="">
Video Ad Feedback
New Taco Bell drive-thru restaurant serves tacos using mini elevators
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-06-04T13:18:21Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/06/04/na-beer-wine-spirits-non-alcoholic-boom-fm-orig.cnn-business"
data-branding-key="fresh-money"
data-video-slug="na beer wine spirits non alcoholic boom fm orig"
data-first-publish-slug="na beer wine spirits non alcoholic boom fm orig"
data-video-tags="alcoholic beverages,beverage industry,beverages,business and industry sectors,business, economy and trade,consumer products,distilled liquors,food and beverage industry,food and drink,food production industry,food science and technology,kinds of foods and beverages,technology,wine"
data-details="">
Video Ad Feedback
The fastest growing trend in adult beverages will surprise you
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-05-14T18:13:13Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/05/14/baby-formula-shortage-broaddus-pkg-ebof-vpx.cnn"
data-branding-key=""
data-video-slug="baby formula shortage broaddus pkg ebof vpx"
data-first-publish-slug="baby formula shortage broaddus pkg ebof vpx"
data-video-tags="baby and children's products,baby foods,business and industry sectors,business, economy and trade,charities and charitable giving,children,consumer products,demographic groups,families and children,family members and relatives,food and drink,food assistance,food charities,food products,kinds of foods and beverages,population and demographics,social assistance and welfare,society"
data-details="">
Video Ad Feedback
Mother describes 'anxiety provoking' search for baby formula
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-05-11T12:01:03Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/05/11/actor-james-cromwell-starbucks-milk-price-protest-newday-vpx.cnn"
data-branding-key=""
data-video-slug="actor James Cromwell starbucks milk price protest newday vpx"
data-first-publish-slug="actor James Cromwell starbucks milk price protest newday vpx"
data-video-tags="arts and entertainment,beverages,business and industry sectors,business, economy and trade,celebrity and pop culture,civil disobedience,companies,consumer products,continents and regions,dairy products,food and drink,food products,kinds of foods and beverages,new york (state),new york city,non-dairy milks,non-profit and ngo organizations,north america,northeastern united states,people for the ethical treatment of animals,protests and demonstrations,society,starbucks corp,the americas,united states"
data-details="">
Video Ad Feedback
Actor superglues his hand to Starbucks counter in protest
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-04-29T22:44:01Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/04/29/tip-culture-shift-us-service-economy-foreman-pkg-the-lead-vpx.cnnbusiness"
data-branding-key=""
data-video-slug="tip culture shift us service economy foreman pkg the lead vpx"
data-first-publish-slug="tip culture shift us service economy foreman pkg the lead vpx"
data-video-tags="business and industry sectors,business, economy and trade,compensation and benefits,continents and regions,coronavirus,coronavirus pandemic,diseases and disorders,economy and economic indicators,epidemics and outbreaks,food and beverage industry,food and drink,gratuities and tips,health and medical,infectious diseases,labor and employment,life forms,microscopic life,misc people,north america,northeastern united states,public health,respiratory diseases,restaurant and food service industry,restaurant industry,restaurants,the americas,tom foreman,united states,viruses,wages and salaries,washington, d.c."
data-details="">
Video Ad Feedback
Americans are tipping less in the wake of tipping fatigue
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-04-25T17:20:02Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/04/25/food-prices-ukraine-russia-romans-orig.cnn"
data-branding-key=""
data-video-slug="food prices ukraine russia romans orig"
data-first-publish-slug="food prices ukraine russia romans orig"
data-video-tags="agricultural commodities,agriculture,agriculture, forestry, and commercial fishing,antitrust and trade law,banking, finance and investments,business and industry sectors,business, economy and trade,commodity markets,consumer products,continents and regions,eastern europe,economic policy,economy and economic indicators,energy and utilities,energy commodities,europe,financial markets and investing,food and beverage industry,food prices,food production industry,law and legal system,oil and gas industry,oil prices,price increases,price-fixing,russia,trade and development,trade regulation and policy,ukraine,unrest, conflicts and war"
data-details="">
Video Ad Feedback
Forget oil. Here's how Russia's war in Ukraine is jacking up food prices.
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-04-15T00:27:03Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/04/14/kebab-launched-moos-pkg-orig-gr-vpx.cnn"
data-branding-key=""
data-video-slug="kebab launched moos pkg orig gr vpx"
data-first-publish-slug="kebab launched moos pkg orig gr vpx"
data-video-tags="aviation and aerospace industry,business and industry sectors,business, economy and trade,continents and regions,extraterrestrial life,jeanne moos,middle east,middle east and north africa,misc people,space and astronomy,space exploration,space industry,spacecraft and satellites,turkey,space launches"
data-details="">
Video Ad Feedback
What's that long skinny thing a restaurant just tried sending to space?
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-03-22T23:44:32Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/03/22/pusha-t-arbys-ad-mcdonalds-orig-jk.cnn"
data-branding-key=""
data-video-slug="pusha t arbys ad mcdonalds orig jk"
data-first-publish-slug="pusha t arbys ad mcdonalds orig jk"
data-video-tags="arts and entertainment,business and industry sectors,business, economy and trade,celebrities,companies,mcdonald's corp,media industry,music,music and dance,music industry,music releases,musical styles,pusha-t,rap and hip-hop music"
data-details="">
Video Ad Feedback
Pusha T isn't 'lovin' it' anymore. Hear his new song for Arby's
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-03-16T19:20:08Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/03/16/wendys-fast-food-inflation-price-increase-video-watch-orig.cnn-business"
data-branding-key="markets-now"
data-video-slug="wendys fast food inflation price increase video watch orig"
data-first-publish-slug="wendys fast food inflation price increase video watch orig"
data-video-tags="business and industry sectors,business executives,business, economy and trade,consumer products,fast food,food and beverage industry,food and drink,labor and employment,price increases,restaurant and food service industry,restaurant industry,restaurants,workers and professionals"
data-details="">
Video Ad Feedback
Wendy's CEO: Expect menu price increases of 5% this year
Walmart is pouring more than a billion dollars into its Chinabusiness as it faces growing competition from local rivals and online retailers.
The US retail giant plans to invest around 8 billion yuan ($1.2 billion) in distribution centers in China over the next two decades, it said in a statement sent to CNN Business.
Walmart
(WMT)is planning to spend the money to boost grocery deliveries.
“Walmart continues to increase investment in supply-chain logistics in order to … provide our Chinese customers with great fresh products, and improve our service,” Ryan McDaniel, senior vice president of supply chain for Walmart China, said in the statement.
Walmart has already invested 700 million yuan ($102 million) in building a distribution center for perishables in the south of China as it tries to cater to customers who are increasingly shopping online.
The Arkansas-based retailer, which has been in China since 1996, faces competition from local supermarkets and online rivals like Alibaba
(BABA), which has grown its grocery business in recent years.
Walmart partnered with another big Chinese tech firm, JD.com
(JD), in 2016, and has also invested more than $300 million in a Chinese delivery firm Dada-JD Daojia.
Walmart is stepping up investments in China to boost logistics.
Nicolas Asfouri/AFP/Getty Images
Walmart has since grown its e-commerce operations in China and is testing smaller “smart supermarkets” that allow customers to use their smartphones as scanners that are then read at the checkout. It opened the first of these outlets in Shenzhen last year.
As of January this year, the company had 443 stores in China, including its main Walmart brand as well as its membership-only subsidiary Sam’s Club. The company’s China operations pulled in $10.7 billion in sales last year, less than one tenth of its international revenue.
“I think China is going to be a tremendous business opportunity,” Walmart CEO Doug McMillon said at an investor conference in June. “We continue to focus on being a strong regional business there.”
But China has also been a source of pain for the US retailer in recent months, largely due to the trade war with the United States.
Walmart has had to raise prices on several of its products because of US tariffs on Chinese goods. And last month, it was one of 600 companies that wrote to President Donald Trump warning him that the trade war would damage the US economy and urging him to withdraw the tariffs.
Trump said at the weekend that he would hold off introducing further tariffs on Chinese goods after agreeing with Chinese President Xi Jinping to resume talks on a trade deal.
Correction: A previous version of this story misstated Ryan McDaniel's title.
