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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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Walmart to grow its footprint in India; open 50 new stores

US-based leading multinational corporation Walmart has decided to expand its footprint in India by opening 50 new stores in next three to four years, majority of them will be located in Uttar Pradesh and Uttarakhand. The retailer, which currently has 20 stores across the country, is planning to ramp up operations in the cash-and-carry segment. According to reports, it also mulls to start 10 stores each in Maharashtra, Andhra Pradesh, and Telangana. The opening of […]

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Walmart may use drones in stores to help customers

US retail giant Walmart has been granted a patent to use drone inside its store to help customers get products they want in their basket. It is yet to be decided when the company will actually implement this as companies often file for patents to protect ideas they’ve never used. The patent entitled ‘Method to carry an item within a retail shopping facility’ states, “In a typical application setting the flight path of the airborne […]

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Walmart to acquire e-retailer ModCloth

Jet.com, a subsidiary of Walmart is all set to acquire ModCloth, a fashion brand known for its inclusive and playful perspective on fashion. The details of the deal are yet to be announced. It is assumed that company may have sealed it between US $ 50 million and US $ 75 million. Jet.com is planning to target young customers through ModCloth as it has large number of millennial shoppers from this section only. ModCloth is […]

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Walmart acquires outdoor retailer Moosejaw

US retail giant Walmart has acquired Michigan-based leading outdoor retailer Moosejaw for approximately US $ 51 million. The latest acquisition has come around a month after the former acquired the online footwear store ShoeBuy for US $ 70 million. However, Walmart has announced to continue Moosejaw website and 10 stores as a standalone and complementary brand going forward, much as it has with other recent acquisitions. The deal has been done between two players known […]

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Shivalik Prints: A company that believes in taking challenges

Producing 50 tonnes of knitted fabric per day and processing 98 per cent of its in-house to convert into 2,00,000 knitted garments for exports by the end of the day is just not the only thing that makes Shivalik Group the largest knitting company in northern India. Apart from the available water recycling facilities, its processing units are solar equipped which generate 1.5 MW power and is headed to become the largest biologically zero-discharge apparel factory in […]

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