Walmart Stores Inc
Retail
Walmart in preliminary talks to invest $1 billion in Flipkart
Walmart Stores Inc. is in advanced discussions to invest as much as $1 billion into India’s Flipkart Online Services Pvt. Ltd in exchange for a minority stake in the Bengaluru-based e-commerce company, according to several reports.
The move is being widely...
Food
Walmart stops selling Egyptian cotton sheets made by Welspun
Soon after Target Corp severed ties with Welspun India, alleging that Welspun used cheaper quality cotton while supplying bedsheets, passing it off as premium Egyptian cotton, Walmart has decided to stop selling the same too after the Indian manufacturer was unable to...
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Target severs contract with Welspun India, Walmart orders review
Shares of Welspun India logged their biggest one-day fall in over 16 years and lost 20 per cent of market capitalisation on Monday after Target Corp - Welspun's biggest client - severed business ties with them.
The Indian company suffered another jolt...
In Conversation
Investment climate, ease of conducting business improving in India: Krish Iyer
Walmart India President & CEO Krish Iyer remains convinced on the India opportunity, even as the world's largest retailer struggles to overcome challenges from online retail in its home territory, the USA.
"India is one of the largest markets in...
Retail
Walmart CEO gets raise, pay packet is now $19.8 mn pa
The pay of Walmart Stores Inc Chief executive Doug McMillon's has rose slightly to $19.8 million in the year ended January 31, even as profit at the world's largest retailer fell on higher costs.
According to a report in Reuters:...
Retail
Bharti Walmart opens fourth cash-and-carry store in Ludhiana
Bharti Walmart Private Limited, the joint venture between Bharti Enterprises and Walmart Stores Inc for wholesale operations in India, has recently opened its fourth Best Price Modern Wholesale cash-and-carry store in Ludhiana, Punjab. With this, the total investment of...
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The Luxottica report card for 2022
A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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