"The response has been good for our pilot projects. We are learning more about members what they need, challenges etc and fine-tuning the operations accordingly," said Kris Iyer, president & CEO, Walmart India.
"We are planning to roll out operations in all of our stores," Iyer said.
Of the 50 cash and carry stores planned by the company over the next four to five years, the first one will come up in the next 18 months, he said. The stores are 50,000 sq ft in size and the company is working on the innovations, he said. Walmart stopped all expansion after end of 2012 due to internal probe related to alleged corruption issues.
When asked about the US-company's plans for multi-brand retail, he said :"Currently, we are focusing on cash and carry. We are watching the policy front on the retail," he said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)