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Optimistic about Indian market despite changes in new FDI policy: Walmart

Indiaretailing Bureau -
US retail major Walmart, which invested $16 billion in Flipkart, Wednesday said it is committed to the Indian market and is optimistic despite recent changes in the FDI policy for e-commerce firms in the country, according to a PTI report. The Bentonville-based retailing major's statement came...
Food

E-commerce share to rise to 12pc from 2pc in 10 years: Walmart CEO, Krish Iyer at India Food Forum

Indiaretailing Bureau -
Share of e-commerce is set to rise, despite the growth in brick and mortar or physical retail from 2 percent to 12 percent over the next 10 years, aided by pick up in Omnichannel format, said Krish Iyer, President &...
Food

Indian food chains to converge in Mumbai to deliberate disruptions at India Food Forum 2019

Indiaretailing Bureau -
Indian food retail chains are exploring new business models after witnessing a paradigm shift, with food aggregators reaching out to the homes of consumers leading to a disruption. Speaking out on the issues confronting the food and beverage retail business, Rahul Singh, Founder,...
Retail

After record FDI in 2018, retail sector gears up for more M&As in new year

Indiaretailing Bureau -
With the lines getting blurred between organised brick-and-mortar model and new-age online platforms, retail sector is ending the year 2018 with a record level of FDI and is gearing up for more mergers and acquisitions, partnerships and other deals...
Food

Walmart India to invest US$ 500 million to open 47 more stores by 2022

Indiaretailing Bureau -
Walmart India Wednesday said it would invest about US$ 500 million (about Rs 3,200 crore at the current exchange rate) to open another 47 stores by 2022 to take the total number of outlets to 70. According to a PTI...
Retail

Walmart all set to hire 30,000 people in UP for cash-and-carry format

Indiaretailing Bureau -
Tagging Uttar Pradesh as a priority growth state, Walmart India said it expects to create at least 30,000 local jobs by setting up 15 stores in the state. Walmart India, which already runs four cash-and-carry stores in UP, recently...
Retail

Walmart India gets half of biz via out-of-store sale channels

Indiaretailing Bureau -
US retail major Walmart is now getting nearly half of its business through non-store or out-of-store sales channels, which include B2B e-commerce, associates' driven sales and call centres, a company official has said. According to a PTI report: While, the...
Retail

Retail sector should get industry status: Walmart India CEO Krish Iyer

IANS -
India’s retail sector is vital for the economy and employment generation and it is time to elevate the position of the sector to an 'industry', Walmart India President and CEO Krish Iyer said here on Wednesday. Iyer who was speaking...
Retail

Flipkart offers employees US $125-129 for ESOPs

Indiaretailing Bureau -
The offer from the Bengaluru-headquartered company comes close on the heels of US-based retailer Walmart buying close to 77 percent stake for roughly US $16 billion. One of the sources close to PTI said Flipkart will allow employees — present...
Food

Walmart India appoints Sameer Aggarwal as EVP, Chief Strategy & Administrative Officer

Indiaretailing Bureau -
Walmart India, wholly owned subsidiary of Walmart Inc., has appointed Sameer Aggarwal as Executive Vice President and Chief Strategy & Administrative Officer. He will lead Finance, Technology, Legal, Audit and the Strategy functions. He will report to Krish Iyer,...
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ONDC announces Build for Bharat initiative 

The initiative intends to tap into India’s technological and entrepreneurial potential with an expected participation of over 2,00,000 participants...
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