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"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.
