Limited Flipkart sales in India hit our growth: Walmart CEO Doug McMillon

Closure of stores, warehouses contributed to volatility in first quarter: McMillon

Walmart, the world’s largest retailer, said on Tuesday that limited operations of Flipkart in India for a portion of the first quarter negatively affected the growth of its international business.
 

This was because of the government’s regulation allowing e-commerce firms to only sell essential items during the lockdown to contain Covid-19. However, e-commerce contributed 9 per cent of total segment net sales of Walmart International, the segment that consists of the retail giant’s operations outside the US, was led by growth in China, Canada, the UK, and Mexico.
 

“The closure of stores and warehouses in some of our markets contributed