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@WalmartLabs to expand India operations

@WalmartLabs, a unit of Walmart Global e-Commerce operation, is expanding its India operations in Bangalore with plans to hire 100 additional developers to create an e-commerce platform. Over the last five months, @WalmartLabs has been building its India operations...

Waiting in the Wings

Online retailing, which thrives on the same network that offline retailing does, appears to be at a tipping point in India. as retailers develop their supply chain, a critical requirement for success and growth of modern...

Wal-Mart appoints Danone’s Morten Knudsen as CFO for Asia

Wal- Mart Stores Inc. (WMT) appointed Morten Knudsen chief financial officer for Asia as the world’s largest retailer rebuilds its leadership team in the region. Knudsen will join Wal-Mart from Danone (BN), where he was vice president for corporate...

Retail leaders moot segment-wise FDI

Segment-wise FDI in the food and non-food segment is important for the retail sector, said Future Group CEO Kishore Biyani at a close gathering of top industry retailers, which was attended by the who's who of Indian retail.Biyani said,...

Foreigners eye varied retail types: Biyani

India's top listed retailer Pantaloon Retail, part of the Future Group, on Monday said global and Asian retailers are interested in various retail formats in India and the interest is not just in food retail. On Friday, India took...

Former Asda executive set to join Amazon UK

A former executive at the Walmart-owned grocer Asda is set to join the online retail giant Amazon in the UK to help drive its growth plans.Amazon is close to hiring Doug Gurr - who left his role as Asda’s...

Retailers adapt in China

Retailers including Wal-Mart, Ikea and Tesco are adapting their business models in China, reflecting several long term changes in consumer habits.Wal-Mart currently runs 339 branches in over 120 cities across China, and first purchased its own trading sites for...

Asda names McKenna as chief operating officer

Judith McKenna has been named chief operating officer of Asda, Britain’s second-biggest supermarket group by market share, succeeding former Tesco executive Simon King, who left after only six months in the post.Ms McKenna is Asda’s finance director and seasoned...

Walmart wants to invest in Bihar: Sushil Modi

Even as the Centre is considering a calibrated roll out of foreign direct investment in multi-brand retail in large metros, the world’s largest retail chain —Walmart — has expressed interest in investing in Bihar. “Last week, people from the...

Walmart Japan chief steps down

Walmart's chief executive in Japan has resigned suddenly, just over a year after he assumed the post, creating uncertainty about the US retail group’s strategy in the country.Toru Noda became chief executive of Walmart Japan and Seiyu, its Japanese...
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Kidswear brand Includ raises $1.5 mn in seed funding

The funding was led by Incubate Fund Asia, with participation from Escape Velocity, Abhishek Goyal (co-founder, Tracxn), and the...
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