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Saturday, April 12, 2014

WalMart India Plans

WalMart giant in Cash and carry segment  has Wal-Mart operates 359 wholesale stores.


In 2013, Wal-Mart did not open a single wholesale outlet in India despite plans to open eight during the year.

Deciding to focus on the cash-and-carry segment in India, retail giant Wal-Mart plans to open 50 wholesale stores in the next four to five years to expand its footprint in the country. 

After breaking up with the Bharti group WalMart the Bentonville-based firm said that they will expand their footprints in India as they see huge growth aspects in India.


Wal-Mart, which had investigated violations of the U.S. Foreign Corrupt Practices Act in its Indian arm, is ensuring they are not repeated. 


Earlier U.S. retail giant agreed to buy out its Indian partner in their 50:50 cash-and-carry joint venture Bharti Wal-Mart, which ran 20 wholesale stores under the Best Price Modern Wholesale brand in India, for an undisclosed sum. 

Bharti was to acquire $100 million of compulsorily convertible debentures held by Wal-Mart in Cedar Support Services, a company owned and controlled by the Indian firm. It will continue to run its 'easyday' retail stores on its own.


Wal-Mart named a new India head in December and said then that its focus in the country would be on opening wholesale stores and building its supply chain.

A company executive in India said the first new outlets among the 50 would open soon in western and southern India, including the states of Maharashtra and Andhra Pradesh.


WalMart India Plans

WalMart giant in Cash and carry segment  has Wal-Mart operates 359 wholesale stores.


In 2013, Wal-Mart did not open a single wholesale outlet in India despite plans to open eight during the year.

Deciding to focus on the cash-and-carry segment in India, retail giant Wal-Mart plans to open 50 wholesale stores in the next four to five years to expand its footprint in the country. 

After breaking up with the Bharti group WalMart the Bentonville-based firm said that they will expand their footprints in India as they see huge growth aspects in India.


Wal-Mart, which had investigated violations of the U.S. Foreign Corrupt Practices Act in its Indian arm, is ensuring they are not repeated. 


Earlier U.S. retail giant agreed to buy out its Indian partner in their 50:50 cash-and-carry joint venture Bharti Wal-Mart, which ran 20 wholesale stores under the Best Price Modern Wholesale brand in India, for an undisclosed sum. 

Bharti was to acquire $100 million of compulsorily convertible debentures held by Wal-Mart in Cedar Support Services, a company owned and controlled by the Indian firm. It will continue to run its 'easyday' retail stores on its own.


Wal-Mart named a new India head in December and said then that its focus in the country would be on opening wholesale stores and building its supply chain.

A company executive in India said the first new outlets among the 50 would open soon in western and southern India, including the states of Maharashtra and Andhra Pradesh.