Walmart's Mexico CEO Ignacio Caride steps down in surprise moveWalmart's Mexico and Central America CEO, Ignacio Caride, has stepped down after just over a year, surprising analysts. Cristian Barrientos...
UPI extras miss mark; Amazon streamlines India opsHappy Friday! Most new features on Unified Payments Interface (UPI) have struggled to gain meaningful traction over the years. This and mor...
Flipkart boosts Walmart’s international ad business in Q1Walmart reported 20% growth in international ad business, driven by Flipkart, which earned Rs 5,000 crore from ads. Net sales rose 7.8% to ...
Walmex, the Mexican subsidiary of Walmart, to invest $6 billion in 2025Walmart's Mexico unit will invest $6 billion in 2025 to open new stores, two distribution centers, and create 5,500 direct jobs.
Walmart’s Q2 international sales growth powered by Flipkart, other marketsWalmart's Q2 FY25 saw significant international growth driven by Flipkart and operations in China and Mexico. Walmart recorded nearly $30 b...
Flipkart Internet receives $111 million in new fund infusionThe fresh capital came from the Flipkart's related Singapore-based entities on January 8, 2024. Two resolutions to infuse capital into the ...
Walmart’s international sales growth in Q4 driven by Flipkart, Mexico and China unitsWalmart's international sales grew 13% in Q4, reaching $32 billion. The gross profit rate decreased due to Flipkart's event timing. Interna...
Walmart’s Q3 gross margins rise as Flipkart’s annual sale event shifts to Q4Walmart acknowledged that the timing of Flipkart’s BBD event, which moved from Q3 last year to Q4 this year, negatively impacted overall an...
Antitrust body probes Walmart's Mexico unit Walmex for monopolistic practicesMexico's antitrust watchdog, Cofece, did not name the company under investigation, but a source familiar with the matter said it was Walmar...
Walmex, now repackagedTo make the most of innovative people and ideas, the executive team sought to reorganise silos into entrepreneurial 'squads' that could col...
Walmart takes fintech plunge into Mexico's risky marketplaceWalmart de Mexico (Walmex) in April said it had bought Trafalgar, a payment app, to compete in a market dominated by Grupo Salinas' Baz, Ox...
Flipkart’s Big Billion Days event lifts Walmart International's Q3 salesWalmart, in its quarterly earnings call for the September quarter, said its international revenue increased 13% to $26.8 billion in constan...
Monthly active users for Flipkart, PhonePe at 'all-time high': WalmartIn a statement, Walmart said its 'international' segment's net sales were at USD 29.6 billion, an increase of 1.3 per cent, and that change...
Walmart may repeat 'predatory behaviour' in India as well: CAIT to NCLATCAIT said that Walmart "may cause an appreciable adverse effect on competition" in the domestic market post combination as its "predatory t...
SUNDAY ET: Walmart's self-reporting on corruption is a indictment of India's graft-ridden systemWalmart's reporting to the US authorities of possible wrongdoing by its joint venture with Bharti in India highlights the power of governan...
Walmart India sets up special team for anti-corruption complianceWalmart, the world's largest retailer, has appointed a team in India to brief employees on its anti-corruption compliance programme.
- FDI in Retail: Walmart may not operate under its brand name
Bagaria added that Walmart-branded store could come in after 4-5 years as the quality of the existing and new stores is on a par with its A...