November 27, 2020

Flipkart: Flipkart might consolidate Walmart’s wholesale ops



(This story initially appeared in on Aug 03, 2020)

New Delhi: E-commerce large Flipkart, which lately took over its US mum or dad 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 larger give attention to their e-commerce operations, sources mentioned.

The Bengaluru-headquartered firm, during which Walmart purchased 77% stake for $16 billion in 2018, can be within the technique of relinquishing the area in Gurgaon used as headquarters by Walmart India, which runs 28 Greatest Value shops throughout India, with plans to relocate its workers to Bengaluru.

“Staff of the Walmart India staff will transition to Flipkart Wholesale in January 2021. As a part of the mixing, we shall be transferring our operations to Bengaluru within the subsequent fiscal. We’ll present our workers with the required assist 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 through 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 guage alternatives for retailer openings,” the spokesperson added.