Wal-Mart India, the wholly owned subsidiary of Wal-Mart Stores, plans to open 50 cash-and-carry stores in the next four to five years as it continues to invest in its supply chain infrastructure and supplier development.
Commenting on the expansion plans, Scott Price, President & CEO, Walmart Asia, said: “Wal-Mart is committed to India and we are excited about our growth plans. We will continue to focus on the cash-and-carry format as we are very happy with the way it has shaped up in the last few years. The format is also poised to grow in India. Along with our growth, we are taking a number of important steps to strengthen compliance so that we do the right thing everyday. We are evaluating and reinforcing procedures and programs relating to all compliance areas, including licensing and permits, food safety, and responsible sourcing among others. “
Wal-Mart India will also launch a B2B e-commerce platform for its Best Price Modern Wholesale store members providing them an online shopping opportunity.
A recently concluded “Perception Survey” by the market research firm IMRB International reveals that Best Price Modern Wholesale Stores excel in overall store experience and are considered superior in areas such as price, quality, availability, knowledge of store staff, navigation inside store, cleanliness, layout and visibility of price signage, among other parameters.
Wal-Mart India is a wholly owned subsidiary of Walmart Stores, the world’s leading retailer known for its efficiency and expertise in logistics, supply chain management and sourcing. Wal-Mart India owns and operates 20 Best Price Modern Wholesale stores in 8 states across India. The first store opened in Amritsar in May 2009.