Business

Flipkart could consolidate Walmart’s wholesale operations

Summary

(File picture) NEW DELHI: E-commerce big Flipkart, which lately took over its US dad or mum Walmart’s wholesale enterprise in India, is exploring methods to consolidate its operations and this might embrace shutting down unviable “Greatest Value” shops or turning […]

(File picture)

NEW DELHI: E-commerce big Flipkart, which lately took over its US dad or mum Walmart’s wholesale enterprise in India, is exploring methods to consolidate its operations and this might embrace shutting down unviable “Greatest Value” shops or turning a few of them into full-fledged warehouses with a higher concentrate on their e-commerce operations, sources mentioned.
The Bengaluru-headquartered firm, through which Walmart purchased 77% stake for $16 billion in 2018, can also be within the strategy of relinquishing the house in Gurgaon used as headquarters by Walmart India, which runs 28 Greatest Value shops throughout India, with plans to relocate its staff to Bengaluru.
“Workers of the Walmart India group will transition to Flipkart Wholesale in January 2021. As a part of the combination, we can be shifting our operations to Bengaluru within the subsequent fiscal. We are going to present our staff with the mandatory help to make this transfer,” a Flipkart Group spokesperson mentioned.
“The Greatest Value money and carry enterprise will proceed to serve its 1.5 million+ members by way of its omni-channel community of 28 shops and B2B e-commerce operations. Our new retailer in Tirupati will open to serve members later this yr and we are going to proceed to judge alternatives for retailer openings,” the spokesperson added.

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