- 21 cash and carry stores are operated by Walmart in nine states across India. A Memorandum of Understanding was signed with the UP government in order to open 15 new stores in the next few years.
Twenty wholesale cash-and-carry stores to be opened in India by US retail giant Walmart in the next three years, according to a top company official. The company wants to tap the fast growing e-commerce market in the country for which they are said to open more of their fulfilment centres. The company wants to cater to the online B2B customers through these centres. The second B2B fulfilment centre was opened in Lucknow.
Walmart India President and CEO Krish Iyer told reports that the company will launch two stores this year and eight stores next year following 10 stores a year after that. “The Fulfilment Centres 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. We have already finalised three sites and six more are in the pipeline” he added. The company will set up its Best Price stores in various cities like Gorakhpur, Ghaziabad, Kanpur, Varanasi, Lucknow, Sharanpur and Muradabad.
The Fulfilment centres allow the company to cater to their online B2B customers with out of store sales and also help them with taking care of the sales. They connect with associates who take orders from its members and call centres. CEO Krish Iyer added that this initiative is a crucial step towards building an influential ecosystem by working with partners. Walmart had opened its first fulfilment centre in Mumbai in November 2018.
Walmart India’s half business now comes through these ‘non-stores’ or ‘out-of-store’ sales channels. These channels include call centres, B2B e-commerce and associates. The walk-in stores bring in the rest of the business for the company.