The proposed launch of Bharti Wal-Mart’s maiden cash-and-carry wholesale store, ‘Best Price Modern Wholesale’ has been delayed due to the outburst of violence across Punjab over the gunfiring and killing of a Sikh religious leader and leaving several seriously wounded in Vienna. The store was scheduled to open on May 26, 2009 in Amritsar, Punjab, informed a company press release.
“Due to the violent situation in Punjab, Bharti Wal-Mart is postponing the launch of its cash-and-carry wholesale store ‘Best Price Modern Wholesale’. We will reschedule the date shortly,” stated the company in the release.
Bharti Wal-Mart, the joint venture between Bharti Enterprises and the US-based Wal-Mart Stores Inc, plans to open 10-15 cash-and-carry stores in the country by 2015.
— IndiaRetailing Bureau
