Page 2 - Walmart

Walmart reaffirms commitment to hike India sourcing to $10bn by 2027

Walmart CEO Doug McMillon says the firm's sourcing from India is expanding beyond limited categories as it doubles down on MSME empowerment and digital growth

Working with suppliers to reach $10 bn sourcing from India: Walmart CEO

US-based retail giant Walmart is working with suppliers in India to meet its target of sourcing USD 10-billion goods from India for its operations worldwide, its global CEO Doug McMillon said here on Tuesday. Walmart has increased sourcing from India over the years, and it is excited with the progress made, he said. "....over the years, you can see how the story is unfolding, and it's really broadening and becoming much more interesting," he said. In December 2020, the Bentonville-headquartered retail giant announced a goal to source USD 10-billion products from India by 2027, aiming to boost exports in apparel, food, toys, and other categories. "At the beginning, we were sourcing products here with limited categories, but we were excited to get started... look what's happened in our sourcing business. "It's grown a lot, and now we have this goal of getting to USD 10 billion a year, which is a really big number, and together with the supplier community, we're working to achieve th

PhonePe eyes $1.5 billion IPO, draft papers likely by early August

Kotak Mahindra Capital, JPMorgan Chase, Citigroup, and Morgan Stanley have been enlisted to manage PhonePe's IPO

Walmart to add 100K MSMEs in next 3 years under Vriddhi supplier programme

US-based retail giant Walmart will connect one lakh more MSMEs in the next three years to its supplier development programme in India, a company official said here on Thursday. The programme, Walmart Vriddhi, has partnered with Ideas to Impact Foundation (i2i), which will enable more MSMEs to expand their access to both national and international markets, helped by the combined strengths of Walmart's global supply chain and Flipkart's e-commerce capabilities. "As we approach the next phase of the Walmart Vriddhi programme, we are very excited to announce today that going forward we have partnered with Ideas to Impact Foundation to empower an additional 1,00,000 MSMEs over the next three years," Jason Fremstad, Senior Vice President of Supplier Development - Sourcing at Walmart International, said. This will also help the Bentonville-headquartered retail company amplify its sourcing of goods from India for its global operations, for which it had earlier set a goal of exports worth US

India remains key strategic market for global brands: Myntra CEO Sinha

After launching in Singapore, Myntra Global sees rising engagement, strong order values and repeat customers while focusing on the Indian diaspora and Gen Z users

Walmart's Flipkart secures RBI approval for direct lending in India

The central bank issued its certificate of registration - a document that officially recognises a company as an NBFC - to Flipkart Finance Private Limited on March 13

India a huge opportunity in ecommerce: Walmart executive Kathryn McLay

The retail giant is supporting Flipkart's quick-commerce push and applying global best practices to scale digital operations and tap India's booming online retail space

Adidas, Shein, Walmart to hike product prices in US after Trump's tariffs

Some retailers in the US have cautioned that they won't, as Trump suggested, eat the additional costs caused by the increased import taxes

Domicile shift key to aligning with India's economy, rules: Flipkart CEO

Flipkart CEO Kalyan Krishnamurthy highlights growth, AI investment, IPO plans, and the company's legal domicile shift to India to better align with the country's economy and regulations

Walmart slashes 1,500 jobs in technology team amid reorganisation push

Walmart's plan will affect teams in its global operations, e-commerce fulfilment in US stores and its advertising business. It is the largest US private employer with about 1.6 million employees

'Eat the Tariffs': Donald Trump tells Walmart not to charge shoppers more

President Trump criticises Walmart for blaming tariffs on price hikes, urging the retailer to absorb the costs instead. 'Walmart and China should 'eat the tariffs,' he wrote on Truth Social

Walmart seeks India deals, but garment worker shortage blunts tariff edge

Garment exporters in India say workers have to be trained and many leave within months to work at smaller, unorganised units that allow longer hours and pay more

Flipkart VP Ashish Vijayvergiya to launch new startup within company fold

Flipkart's Ashish Vijayvergiya to lead a new internal venture, following the model of earlier in-house startups like PhonePe and super.money

Walmart tells Chinese suppliers to resume shipments amid US trade war

Since the imposition of a 145% tariff on Chinese imports in the US, American logistics firms have reported a sharp decline in container bookings

US seeks equal ecomm access for Amazon, Walmart in trade talks with India

The Trump administration is pushing India to ease FDI and platform rules that limit foreign ecommerce firms like Amazon to marketplaces, while local players can sell directly and operate freely

Walmart leases 4.6 lakh sq ft in Chennai for Rs 3.26 crore monthly rent

The rent payable by Walmart will escalate by 4 per cent every year across the lease period that started on January 1, 2025

Myntra's chief product & technology officer Raghu Krishnananda to step down

As CPTO, he has led his teams to ensure that Myntra's tech and product strategy remains agile, scalable and closely aligned with business goals, according to the internal mail sent to employees by CEO

Walmart backs annual forecasts, vows to keep prices low amid tariff woes

The company's shares, which have fallen nearly 9 per cent since the announcement of a raft of tariffs on April 2, rose about 5 per cent in early trading

Cropin secures Walmart project to boost sourcing in US, South America

The partnership aims to mitigate risks associated with weather, market volatility, and supply chain disruptions, ensuring a steady supply of high-quality perishable goods

India's toy box opens: Retail giants roll dice on direct sourcing

Walmart, Target have started sourcing Indian brands for the first time