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    Wal-Mart on a poaching spree

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    (RRL) has lost two senior executives to , signalling another round of hectic movements in India’s emerging retail sector.

    Walmart expects flat sale growth
    Just like Walmart, department giant Macy's is also planning to shut 40 stores in early 2016

    , head of buying operations at RRL, is learnt to have put in his papers. He is scheduled to be joining Wal-Mart as head of sourcing operations. Another executive Abhinandan Shukla, looking after confectionery, is also learnt to have quit and headed for Wal-Mart.

    S Ramesh was initially heading Wal-Mart’s sourcing office in Bangalore and contributed towards increasing Wal-Mart’s sourcing from India – which currently stands at around $650 million.

    Another top executive slated to join Wal-Mart is the former chief marketing officer of Yum! India, . He will join the retail major as senior VP of Wal-Mart’s cash-and-carry business, in April. Mediratta will be reporting to Raj Jain, who has been designated as president & CEO of Wal-Mart India.

    Sources said Wal-Mart is scouring the country for retail talent with attractive terms. Those who have received offers said that apart from the 30-per-cent flat hike over existing remuneration packages, the world’s largest retailer is also throwing its five-day work schedule as a bait to lure talent.

    Many executives are finding it hard to resist as domestic retailers rarely offer such conditions. While Reliance Retail has a six-day work schedule, the Pantaloon group has six-day work schedule twice a month. Both Reliance Retail and Wal-Mart declined to comment.

    Meanwhile, the war for retail talent is expected to intensify as Wal-Mart progresses on its business plans in India. “Though the US retailer is not known to be a good employer, Indians would still like to work with it, for sometime at least, just to get the exposure.”