Hotline: 1800 102 2007
X
Search Business Opportunities
Jul, 23 2018

Walmart Indian plans to add 30 cash and carry stores in next 3 years

Besides, the company has a signed memorandum of understanding (MoU) with the government of UP to have 15 stores in next few years in the state.

US Retail major Walmart will open 30 wholesale cash-and-carry stores in the next three years, a top company official today said. The company, which opened its second fulfilment centre here, is also in the process of opening some more in india to tap its growing business-to-business (B2B) e-commerce business here. “We would launch two stores this year, eight stores next year and 10 stores a year after that,” said Walmart India President and CEO Krish Iyer.

Walmart has plans to add 50 stores in next five to seven years, Iyer added. Besides, the company has a signed memorandum of understanding (MoU) with the government of UP to have 15 stores in next few years in the state, lyer said.

“We have already finalised three sites and six more are in the pipeline,” Iyer added. Walmart will have its Best Price stores at Kanpur Muradabad, Varanasi, Gorakhpur, Sharanpur, Lucknow and Ghaziabad.

The company presently operates 21 cash-and-carry stores here under the brand name of ‘Best Price’ in nine states across the country. Walmart India, the wholly owned subsidiary of Walmart Inc, today opened its second B2B fulfilment centre (FC) in Lucknow.

“The FC will contribute to the state and local economies by creating over 1,500 direct and indirect local jobs, developing SME suppliers, and empowering local communities. Besides, with this initiative we are taking another definitive step towards building an impactful distribution ecosystem by working with our partners,” Iyer said.

This is the second such centre. Walmart had opened its first FC in November last year in Mumbai. Walmart India is now getting nearly half of its business through non-store or out-of-store sales channels, which include B2B e-commerce, associates driven sales and call centres, while the rest half of its business still comes through in-store walk-ins, where its members visit its stores and purchase.

Comment
Related opportunities
  • Booking & Accomodation
    About Us: Launched in 2013, OYO is India’s largest hospitality company...
    Locations looking for expansion Delhi
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • HR & Recruitment
    About Us: SMVA Consultants is a MSME Certified. professional human resource..
    Locations looking for expansion West Bengal
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 2lac - 5lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater kolkata West Bengal
  • Multi Cuisine Restaurant
    About Us: Shaking up the traditional food & drink space with..
    Locations looking for expansion Gujarat
    Establishment year 2004
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Video Game Centres
    About Us: We serve happiness through their state of the art..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 6000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities