Retail behemoth Wal-Mart is to invest CNY580m (US$93m) remodelling its existing stores in China, in addition to opening new ones, in a bid to enhance its operations in the country.

The retailer plans to open around 30 high-quality stores and additional distribution centres in China this year as part of its three-year growth plan announced last October. It also plans to invest CNY580m remodelling over 55 existing stores this year.

"In 2014, Walmart will continue upgrading our business in China to meet the needs of the market," said incoming Wal-Mart China CEO Sean Clarke.

"Our focus is still on long-term investment, steady and quality growth, and to do this, we are optimising our operations in China, investing in more stores and DCs, enhancing operational efficiency to lower our costs, improve price leadership while ensuring product safety and quality, and help our customers save money so they can live better."

Clarke said Wal-Mart is also continuing to invest in the expansion of its logistics network in China: "A highly-efficient supply chain is the foundation of a successful retail business, and our customers will benefit from improved quality assurance and food safety, reduced costs, and better in-stock."

Last October, Wal-Mart announced plans to accelerate development in China by opening up to 110 new facilities in 2014-2016, including stores and DCs. The new stores will be made up of Wal-Mart Supercenters and Sam's Clubs.