Walmart Has a Brand New Strategy, and It Could Work Wonders
Things looked grim for Walmart (NYSE: WMT) in India at the beginning of 2020, as the retail giant laid off a number of senior employees and also appeared to have put its expansion plans on hold. But now it appears that the American big-box retailer had a slightly different strategy in mind to go after India's bustling e-commerce space.
According to Indian financial daily The Economic Times, Walmart has started converting some of its wholesale cash-and-carry stores in India into fulfillment centers. As per people having knowledge of the matter, the newspaper reports that six of the company's 28 Best Price cash-and-carry stores will be turned into fulfillment centers, and more could follow.
Walmart is reportedly taking the help of consulting firms to get ideas about how to use its existing network of cash-and-carry stores spread across India as Flipkart fulfillment centers. Such a move could help Walmart in two ways as it goes after India's huge e-commerce opportunity.
Source Fool.com
