Resources

Thomson Reuters Tax & Accounting News

Featuring content from Checkpoint

Back to Thomson Reuters Tax & Accounting News

Subscribe below to the Checkpoint Daily Newsstand Email Newsletter

Wal-Mart plans to open 50 wholesale stores in India over four-five years

April 8, 2014

By Nandita Bose, Tony Munroe and Clare Baldwin; Hong Kong

HONG KONG (Reuters) – Wal-Mart Stores Inc <WMT.N> plans to open 50 additional wholesale stores in India over the next 4-5 years, company spokesman Anthony Rose said on Tuesday.

The world’s largest retailer already runs 20 wholesale stores in India. The retailer will also launch wholesale e-commerce operations this summer in the country, Rose added.

(Reporting by Clare Baldwin in Hong Kong; Writing by Nandita Bose; Editing By Tony Munroe)

Tagged with →