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Walmart to invest Rs 900 cr to open 15 stores in Maharashtra

American retail giant, Walmart, has signed a Memorandum of Understanding (MoU) with the Maharashtra State Government for retail expansion in the state. Under the MoU, the multinational retailer aims to increase its current store count of 2 in Maharashtra (in Aurangabad and Amravati) to 17 in the coming years. The agreement was signed in the presence of Walmart officials and Maharashtra Chief Minister Devendra Fadnavis. Chief Minister’s Additional Chief Secretary Pravinsingh Pardeshi, Additional Chief Secretary […]

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Walmart applauses GST move

Goods and Services Tax (GST), the landmark tax reform measure all set to be rolled out from July 1 in India, will be beneficial for Walmart, which is eyeing a big space for itself in Indian market. This has been stated by Walmart India CEO Krish Iyer in an interview with the country’s leading news agency. “For instance, in the medium- to long-term when it becomes one national unified market, you don’t need warehouse in […]

June 29, 2017

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NRF rolls out ‘Top 100 Retailers’ List of US

The National Retail Federation’s (NRF) STORES Magazine along with Kantar Retail have released the annual Top 100 Retailers List of US. The largest retailers have held onto their top spots by focusing on value and embracing new ways consumers are shopping, according to NRF. Walmart has emerged as the biggest player in retail industry with sales worth US $ 362.8 billion, up 2.7 per cent Y-o-Y, in the country during 2016. The Kroger Co. grabbed […]

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Walmart confirms deal to acquire Bonobos

US retail biggie Walmart Stores Inc. has entered into an agreement to acquire Bonobos Inc., one of the leading apparel brands built on the internet, for US $ 310 million in cash. Following the acquisition, Andy Dunn, Founder and CEO of Bonobos will report to Marc Lore, President and CEO of Walmart US eCommerce, and oversee the company’s collection of digitally-native vertical brands, which will be offered on Jet.com and possibly other Walmart brands (include […]

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Walmart launches toll-free helpline for GST

Walmart India, a wholly-owned subsidiary of US-based leading multinational corporation Walmart Stores Inc., has launched a toll-free helpline number to deal with queries related to Goods and Services Tax (GST), set to be implemented from July 1. The Helpline No. 0120-4878888 will serve as a one-stop query resolution centre with trained staff and experts to handle all GST-related issues. This was announced by the company in a statement issued. Walmart India, which currently owns and […]

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Walmart India conducts workshops on GST for its suppliers

Walmart India, a wholly-owned subsidiary of US-based leading multinational corporation Walmart Stores Inc., recently held training sessions for its small- and medium-sized enterprises (SME) supplier partners to make them aware about Goods and Services Tax (GST) and its calculation. At least 76 supplier partners were intimated about various facets and nuances of GST in the workshops conducted in Ludhiana and Hyderabad. Several such workshops are being planned in New Delhi, Uttar Pradesh and central India […]

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Walmart reports rise in online sales

US retail biggie Walmart Stores Inc. has noted increase in its online sales in the first quarter of current fiscal. During the quarter under review, merchandise volume increased by 63 per cent and 69 per cent year-over-year (YoY), respectively. Digital growth played key role in the company’s increased revenue by 1.4 per cent year on year (YoY) to US $ 117.5 billion for the quarter. The retailer has been investing heavily in digital efforts… Jet.com […]

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Walmart files IoT patent application

US retail biggie Walmart Stores Inc. has applied for a patent titled “Retail subscription in internet of things environment”, which describes adding IoT tags to products based on Bluetooth, radio frequency, infrared, NFC, or any other technology. The tag would monitor product usage, and automatically order refills/replacements when needed. The tags could also track expiration dates and product recalls. The move is reportedly aimed to compete with Amazon Dash, the Wi-Fi connected, one-button ordering device […]

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Walmart aims to get anti-corruption certification

US-based leading multinational corporation, Walmart has initiated the process to become first US company to get certified under a new international anti-corruption compliance programme developed by International Organization for Standardization (ISO), world’s largest developer and publisher of international standards. This was reportedly disclosed by Jay Jorgensen, Walmart’s Executive Vice President and Global Chief Ethics and Compliance Officer. “We have started looking for a company that would certify us,” Jorgensen was quoted as saying by a […]

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Walmart inks deal to open 10 stores in Telangana (India)

An MoU has been signed between US-based leading multinational corporation Walmart and Telangana (India) Government to set up 10 stores. These 10 would be among those 50 stores to be set up in the country in next three to four years. Four of them would come up in Hyderabad. The global retail giant Walmart will invest US $ 10-12 million in each store, which would create direct and indirect employment for 2,000 people. The MoU […]

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Researchers develop machine to tackle textile waste

A design and research team of Cornell College of Human Ecology, New York (US) has developed a machine ‘Fiberizer v.2’, to tackle the increasing problem of textile waste in the country. This machine challenges textile waste by taking old garments and recycling them into reusable fabric. The team led by Prof. Tasha Lewis consists of students from fibre science and apparel design; design and environmental analysis; physics; mechanical and aerospace engineering; and materials science and […]

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Walmart to organize ‘Open Call for US Products’

US-based leading multinational corporation, Walmart is organizing an ‘Open Call for US Products’ on 28th June, 2017 in order to meet its commitment to purchase an additional US $ 250 billion in US products through 2023. The exchange of goods will take place in Bentonville, Arkansas (USA). Companies who want to sell US products to Walmart can participate in the drive. It may be worth noted that with reshoring and FDI (Foreign Direct Investment) announcements, US has […]

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Walmart to acquire Bonobos!?

If reports are to be believed then US-based leading multinational corporation, Walmart, will soon acquire the online men’s fashion retailer Bonobos. Bonobos, which has US $ 100 million to US $ 150 million in revenue and was priced at US $ 300 million in 2014, may get one to two times revenue of its face value. If deal is finalized, this would be fourth e-commerce acquisition by the retailer in less than a year. Also […]

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Walmart pushes for technology & talent for revival of manufacturing

US-based leading multinational corporation, Walmart, has advocated for developing talent and technology as part of reviving manufacturing in the country. Joe Quinn, Senior Director of Public Affairs at Walmart presented a case for growing talent and new technologies to drive growth in manufacturing and economy while speaking at the 2017 international conference of the American Association of Textile Chemists and Colorists (AATCC) in Wilmington which displayed a revival in manufacturing, particularly in advanced textile products. […]

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Trendsetter bats for better representation of home furnishing industry

Home segment in India is growing at various levels, nationally and internationally, despite various challenges. In conversation with Apparel Online, Amit Ruparelia, Partner, Trendsetter, Mumbai and ex-President of TEXPROCIL, gives a fair perspective on the current scenario of home furnishings industry in our country and how best it can be improved both from the industry and employment point of view. Running business over the last 4 decades and with a current annual turnover of Rs. 55 crore, Amit believes […]

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