Senior Correspondent, IndianRetailer.com & Retailer Magazine Oct 15, 2019 / 3 MIN READ
Walmart India is looking at expanding its footprint in Uttar Pradesh. The company eyes to launch six more 'Best Price' modern wholesale stores in the state.
The new brick-and-mortar stores will be opened in Varanasi, Moradabad, Gorakhpur, Allahabad, Kanpur and Aligarh.
Vijeet Shekhawat, Vice President (Projects), Walmart India, said, “Talks are on with the Uttar Pradesh government to open new stores in the state and we expect to get the approval soon.”
The new 'Best Price' modern wholesale stores will add to the four existing stores the company operates in the state, two in Agra and one each in Meerut and Lucknow.
Walmart also has a fulfilment centre in Lucknow in order to cater to the business needs of underserved small businesses like kiranas/resellers, offices and institutions besides hotels, restaurants and caterers.
Walmart seeks to onboard Indian manufacturers and brand owners across various categories to its marketplace, thereby driving value for millions of customers.
This strategic initiative not only solidified Walmart's commitment to the Indian market but also actively contributed to supporting India's ambitious vision of evolving into a leading participant in global markets.
Walmart International reported a decrease in net sales from $29.45 billion to $29.13 billion, with operating income falling by 29.6 percent to $893 million in Q2 FY20 compared to the previous year.
Precision Development currently reaches out to 70,000 coffee farmers in Karnataka and Andhra Pradesh, while TechnoServe has engaged with over 10,000 farmers across 8 FPOs.
Copyright © 2009 - 2024 Franchise India Holdings Ltd