It looks like Wal Mart is opening 50 more stores in India.
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BEIJING Wal-Mart Stores Inc. WMT +1.13% is launching e-commerce operations and adding wholesale stores in India to sell to small businesses after shelving its hopes last year to open retail stores in the country.
The world's largest retailer by sales plans in the next four years to open between 40 and 50 additional wholesale stores in India, adding to its current 20, said Scott Price, chief executive of Wal-Mart's Asia division, in an interview Tuesday. "We are quite committed to the Indian market and the ability to grow through that format," he said.
Mr. Price said the Bentonville, Ark., retailer's India-based cash-and-carry wholesale business will also roll out online sales this summer. He said the model will start small, with only one wholesale store posting its products for sale online.
Traditionally, cash-and-carry businesses are cash-only outlets at which the customer is responsible for hauling the goods. But Mr. Price said the store's staff will deliver the goods to the mom-and-pop stores that order them as much as 25 miles away.
Wal-Mart to Launch E-Commerce and Open Wholesale Stores in India - WSJ.com
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BEIJING Wal-Mart Stores Inc. WMT +1.13% is launching e-commerce operations and adding wholesale stores in India to sell to small businesses after shelving its hopes last year to open retail stores in the country.
The world's largest retailer by sales plans in the next four years to open between 40 and 50 additional wholesale stores in India, adding to its current 20, said Scott Price, chief executive of Wal-Mart's Asia division, in an interview Tuesday. "We are quite committed to the Indian market and the ability to grow through that format," he said.
Mr. Price said the Bentonville, Ark., retailer's India-based cash-and-carry wholesale business will also roll out online sales this summer. He said the model will start small, with only one wholesale store posting its products for sale online.
Traditionally, cash-and-carry businesses are cash-only outlets at which the customer is responsible for hauling the goods. But Mr. Price said the store's staff will deliver the goods to the mom-and-pop stores that order them as much as 25 miles away.
Wal-Mart to Launch E-Commerce and Open Wholesale Stores in India - WSJ.com
