TIL Desk/Business/Lucknow/ US retail major Walmart will open 20 wholesale cash-and-carry stores in India in the next three years, a top company official said today. Besides, the company, which opened its second fulfilment centre here, is also in the process of opening more such centres to cater to online business-to-business (B2B) customers to tap the fast growing e-commerce in India.
We will launch two stores this year and eight stores next year and 10 stores a year after that, said Walmart India President and CEO Krish Iyer. Walmart has plans to add 50 stores in next five to seven years, he added. The company operates 21 cash and carry stores under the ‘Best Price’ brand in 9 states across India.
It has signed MoU with the Uttar Pradesh government to have 15 stores in next few years in the state, lyer said. We have already finalised three sites and six more are in the pipeline he added. Walmart plans to set up its ‘Best Price’ stores at various locations in the state, including Kanpur Muradabad, Varanasi, Gorakhpur, Sharanpur, Lucknow, and Ghaziabad.
