Wal-Mart Plans 50 More India Wholesale Outlets, E-Commerce Launch
Wal-Mart Stores on Tuesday announced plans to open 50 more wholesale outlets in India and start online operations to sell to small shopkeepers, several months after it decided against opening its own retail stores there. The world's largest retailer said it would open the stores over four years to five years. The company already has 20 Indian wholesale outlets. They sell goods to small shopkeepers, who dominate the nation's $500 billion retail market, rather than directly to consumers. Wal-Mart has no retail stores in India.