Lots Wholesale plans mega expansion in India to take on Walmart, Amazon

The firm believes that the first phase of growth would make its operations profitable after all its stores (it plans) are opened within 7 years

In an effort to take on biggies such as Walmart, Metro Cash and Carry as well as Alibaba and Amazon, Lots Wholesale Solutions is planning major expansion of its offline and online bases. 

The company, a 100 per cent subsidiary of Thailand-based Siam Makro PCL, opened its second cash and carry outlet in the National Capital Region (NCR). 

With an aim to be profitable in the next five years, the company would be opening as many as 13 stores by 2021. “Store-level profitability will happen in the third year of each store’s existence. Right now, we are looking at expanding in northern