Indias leading e-commerce group the Flipkart has announced the launch of Flipkart Wholesale. The new digital marketplace Flipkart Wholesale will transform Indias retail ecosystem. Flipkart also announced that it acquires 100% interest in Wal-Mart India Private Limited, which operates the Best Price wholesale business.
- Flipkart is majority-owned by retail giant Walmart
- The deal will leverage the strong wholesale capabilities of the company and enable growth and prosperity for the nations kiranas and micro-, small- and medium-sized enterprises (MSMEs).
- Kiranas and MSMEs are central to Indias retail ecosystem, with around 12 million kirana stores serving neighborhoods throughout the country. Flipkart Wholesale will focus on meeting their needs by providing a wide product selection at significant value, powered by technology to make their lives easier.
In May 2020, the retail giant Walmart announced its partnership with thredUP, to enters fashion resale market. The deal helps in expanding assortment of quality, on-trend and accessible fashions for modern customers.
In January 2020, Walmart announced the opening of a case-ready facility facility in Thomasville, GA, the USA. The new facility is part of the companys new Angus beef supply chain.
In September 2019, the Walmart Distribution Center in Sanger, TX, became home to the first-of-its-kind Walmart Supply Chain Academy, created specifically to train the retailers supply chain associates and provide them with a clear path to advancement.
In September 2019, Walmart has plans to expand the reach of Delivery Unlimited a Grocery Delivery membership option for customers to 1,400 stores later this fall. Customers will continue to have the option to pay a per-delivery fee, without a membership.
Walmart, based in Arkansas, the USA, has grown over the last 50 years into the largest retailer in the world. Walmart operates chain of hypermarkets, departmental stores and grocery stores around the globe. Walmart operates over 11,500 stores under 58 banners in 27 countries and e-Commerce websites in 10 countries. The company employ approximately 2.2 million associates around the world.