 "Doug McMillon")
Walmart International, the segment which includes the retail giant’s operations outside the US, reported net sales of $27.3 billion, a decrease of $2.5 billion or 8.3 per cent in the first quarter for FY2022. But the e-commerce sales increased 49 per cent.
Walmart International retained market growth of 5.1 per cent on constant currency. This was led by strength in India, Canada and China. The Bentonville-based company (in Arkansas) is locked in a battle with US rival Jeff Bezos-led Amazon and Mukesh Ambani-owned Reliance’s JioMart for dominance in India’s online retail and financial services market through Flipkart and PhonePe.
“In
