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Walmart India eyes 10% revenue from private labels by 2019

10
Oct '18
Courtesy: Walmart
Courtesy: Walmart
Walmart India, which opened its 22nd store in Ludhiana last month, is planning to raise the share of its private labels to top line to 10 per cent by 2019 after tapping into the Flipkart platform. The company will have 30 stores by next year, when it completes a decade of opening its first store in Amritsar in 2009. The Ludhiana store is the sixth in Punjab.

Walmart India closed fiscal 2016-17 with a top line of ₹3,609 crore, up around 14 per cent. India is the only market where Walmart is only into wholesale.

The company’s revenue from private labels is at present 6-7 per cent from its two brands—Right Buy and Member's Mark, Walmart India chief executive Krish Iyer told a news agency.

Globally, its private labels are a $60-billion business under the name of Sams Club, while its total volume is over $500 billion.

Iyer appreciated Flipkart’s strengths in logistics, delivery, customer relationship management, artificial intelligence, machine learning and analytics.

The company made a re-entry into India on its own in 2009 after exiting its failed joint venture with Bharati Enterprises. It opened its last store in August 2015 in Agra and has announced plans to open 50 stores by 2025. A fulfilment centre will come up in Vishakapattanam in Andhra Pradesh by December 2019. (DS)

Fibre2Fashion News Desk – India


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