To open 50 Cash and Carry stores in the next four to five years
To launch B2B e-commerce platform for members of Best Price Modern Wholesale Stores
To continue to bring benefits to India and uphold being the `best Cash and Carry format’ in India, as has emerged in a recent survey by IMRB International .
To continue to play a leadership role in promoting Compliance and anti-corruption policies .
New Delhi, April 12, 2014: Wal-Mart India Private Ltd., the wholly owned subsidiary of the world’s leading retailer Wal-Mart Stores, Inc. (NYSE: WMT), today announced its expansion plans. Pleased with the way its Cash and Carry business has grown in India, Wal-Mart India will continue to invest in and expand this established business.
As part of the growth plans, it plans to open 50 Cash and Carry in the next four to five years even as it continues to invest in its supply chain infrastructure and supplier development, serve members and customers and continue to make important social, economic and environmental contributions to the
country.
Wal-Mart India is also extending the B2B e-commerce platform to its Best Price Modern Wholesale store members, providing them with a convenient online shopping opportunity. As an exclusive virtual store for its members, the e-commerce platform will provide a similar assortment of products,
as well as special items.
Wal-Mart has been bringing several benefits to India including social and environmental. With its mission of `Save Money, Live Better’, Wal-Mart India has helped small businesses grow, modernize and improve their profits through Best Price Modern Wholesale stores by offering a range of quality products, transparently priced and available in a clean environment that offers one-stop shopping convenience. This has also been endorsed in a recently concluded `Perception Survey’ by the leading market research firm IMRB International. The survey reveals Best Price Modern Wholesale Stores as excelling in overall store experience and is considered superior in areas such as price, quality, availability, knowledge of store staff, navigation inside store, cleanliness, layout and visibility of price signage, among other parameters.
Scott Price, President & CEO, Walmart Asia said “Wal-Mart is committed to India and we are excited about our growth plans. We will continue to focus on the Cash and Carry format as we are very happy with the way it has shaped up in the last few years. The format is also poised to grow in India and we would like to serve the growing customer base by opening 50 new Cash and Carry stores over the next four-five years and extend the e-commerce platform to our Cash and Carry
members with a virtual shopping opportunity. Along with our growth, we are taking a number of important steps to strengthen compliance so that we do the right thing everyday. We are evaluating and reinforcing procedures and programs relating to all compliance areas, including licensing and
permits, food safety, and responsible sourcing among others. CCI Newswire
