Page 2 - Walmart India

Sellers body moves CCI against Flipkart's acquisition of Walmart India

Says a few sellers will get preferential treatment, Flipkart will engage in deep discounting in groceries

Flipkart acquires Walmart India's wholesale biz to help transform kiranas

Flipkart says it would leverage the strong wholesale capabilities of the company and enable growth for kiranas and MSMEs

Top headlines: BPCL bidding extended, Flipkart acquires Walmart India

Here are the top headlines of the day

Lockdown to change consumers habits; drive e-comm growth: Walmart India

With muted economic sentiment, we expect that customers will move towards more value purchases, Walmart India Best Price CEO Sameer Aggarwal said

Govt may soon incentivise kiranas for joining e-commerce ecosystem

The special package of incentives for the smaller format mom and pop stores is likely to be a part of the e-commerce policy being drafted by the Commerce and Industry Ministry

Walmart hand-holds small Indian firms reinventing themselves amid pandemic

As the Coronavirus outbreak hits small enterprises, many of them are pivoting businesses to tap new opportunities in the post-Covid-19 world

Back to the future

Privileging physical retail over e-commerce is risky

Covid-19: Walmart, Flipkart commit Rs 46 cr to donate PPEs, support SMEs

Walmart Inc and e-commerce major Flipkart will spend Rs 38.3 crore towards in-kind donations into India to help with the front-line response efforts, a statement said.

Sameer Aggarwal elevated to Walmart India CEO, takes charge on April 1

This is his third promotion in the two years since he joined the company in April 2018 as Exec Vice President; taking over from Krish Iyer

Strong show in India, US increase Walmart's international sales by 2.8%

Walmart said the return on assets (RoA) was 6.7% and 3.4% for the financial years ended January 31, 2020, and 2019, respectively

Walmart sees slowing online sales growth after lackluster holiday quarter

Holiday sales for brick-and-mortar retailers were disappointing as 2019 saw a majority of shoppers switch to online buying, helping Amazon report "record" sales for the period

Walmart India lays off 56 employees in corporate restructuring exercise

The employees laid off include those in real estate and sourcing, industry sources said, as Walmart increasingly focuses on its online operations in India

Walmart sacks 56 executives in India as part of restructuring

The firings mostly affected executives in the company's real estate division because the growth in the wholesale model has not been that robust

Reliance announces Jiomart to take on the online grocery shopping business

Listen to the podcast to know how Reliance is all set to take on Amazon and Flipkart with its online food and grocery selling venture, JioMart

Metro Cash & Carry pips Amazon, Walmart in profitability, revenue growth

Metro, which had opened its first store in the country 15 years ago, zoomed past rivals like Walmart and Amazon Wholesale by turning profitable for the first time in 2018-19.

Amazon India bets on vernacular, voice & videos to help sellers boost sales

Amazon also announced its partnership with CII to conduct awareness workshops and training in pre-identified locations to enable small and medium businesses start their e-commerce journey.

Flipkart's FY19 group revenue up 42% at $6 bn; losses decline 63%

The e-commerce company managed to achieve a 63% reduction in losses from Rs 46,895 crore ($6.6 billion) in 2018 to Rs 17,231 crore ($2.42 billion) for the financial year ending March 31, 2019.

Walmart Foundation gives Rs 34 cr to 2 cos bringing tech to Indian farmers

Digital Green and TechnoServe have received $1.3 mn and $3.5 mn, respectively

Walmart CEO Doug McMillon in India to discuss strategy to take on Amazon

To meet senior management at Flipkart HQs, address townhall

Walmart India COO quits; Sameer Aggarwal appointed chief business officer

The company said, Aggarwal, who joined Walmart India in April this year, will continue to report directly to Walmart India President and CEO Krish Iyer