Walmart plans to open 50 new stores in 5 years
11 May 18 1 min read
"We expect to open five stores in the current year and then pick up pace and eventually start opening 12-15 stores a year," Walmart India president and chief executive officer Krish Iyer told the mediapersons while talking about its deal with Flipkart.
Walmart is planning to spread across the country with major focus in Punjab, Haryana, Uttar Pradesh, Uttrakhand, Maharashtra, Andhra Pradesh and Telangana, said Iyer. Now, Walmart will strengthen its online business in India through Flipkart, in which it will 77 per cent stake for $16 billion. This investment will benefit India in providing quality, affordable goods to customers, while creating new skilled jobs and fresh opportunities for small suppliers, farmers and women entrepreneurs
Walmart India is a wholly-owned subsidiary of Walmart Stores Inc and offers close to 5,000 items through its cash-and-carry wholesale format. (RR)
Fibre2Fashion News Desk – India
Popular News
|
Australia ramps up sustainable fashion amid growing awareness |
|
New garment accessory factory to create 20,000 jobs in Kenya |
|
China’s textile & garment exports see modest growth in Jan-Mar 2024 |
|
Bangladesh garment makers seek US support for fair apparel pricing |
|
Indian economy projected to grow at 8-8.3% in FY25: PHDCCI |
|
South Indian cotton yarn market bearish; steep fall in Mumbai |