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Value in omni-channel retail with Flipkart buying: Walmart

23
Sep '18
Value in omni-channel retail with Flipkart buying: Walmart
With the acquisition of Flipkart, Walmart sees great value in omni-channel retail, although it will continue to focus on cash and carry business for the brick and mortar format in India, Walmart India CEO-president Krish Iyer told the Retail India Summit and Expo in New Delhi recently. It plans to open 50 cash and carry stores in India in five years, he said.

Walmart has 21 cash and carry stores now in nine Indian states along with two fulfilment centres in Lucknow and Mumbai.

Demonetisation has played an extremely important role in the formalisation of the economy, a news agency report quoted Iyer as saying. (DS)

Fibre2Fashion News Desk – India


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