Global retail giant Walmart is looking to fortify its omnichannel cash-and-carry retail format to stay ahead of competition in India, which is among the fastest growing economies in the world.
While Walmart India plans to more than double its standard Best Price Modern Wholesale stores from 21 to 45 in three years, it sounds bullish on the new business-to-business (B2B) format of Fulfilment Centre (FC), which are being rolled out in some cities in partnership with logistics companies.
Walmart on Monday inaugurated its first Fulfilment Centre in Lucknow, Uttar Pradesh, the only second in India. The first FC was launched