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Retailing in India is one of the pillars of its economy and accounts for about 10 percent of its GDP. [1] [2] The Indian retail market is estimated to be worth $1.3 trillion as of 2022. [3] [4] India is one of the fastest growing retail markets in the world, with 1.4 billion people. [5] [6]
Walmart's Flipkart marketplace and PhonePe payments business in India could be $100 billion businesses buoyed by strong growth, the retailer's chief financial officer said on Wednesday at an ...
Walmart Inc. / 36.36556°N 94.21750°W / 36.36556; -94.21750. Walmart Inc. ( / ˈwɔːlmɑːrt / ⓘ; formerly Wal-Mart Stores, Inc.) is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores in the United States and 23 other countries.
Companies are ordered by net income from retail operations in millions of US Dollars in FY 2020. [1] Carrefour S.A. was excluded from 2020's report at the company’s request. The list does not include Wakefern Food Corporation with revenue of US$16.3 billion in 2017. [2]
With its eyes on India's retail market, Flipkart acquired Letsbuy, an online electronics retailer, [26] in 2012, and Myntra, an online fashion retailer, for US$280 million in May 2014. [27] Myntra continues to operate alongside Flipkart as a standalone subsidiary focusing on separate market segments. [28]
Earlier this year, Walmart chief technologist Suresh Kumar argued that the 62-year-old retailer is in the process of transforming the industry through a framework his company dubbed “Adaptive ...
Looking ahead to the second quarter, Walmart said it expects revenue growth of 3.5% to 4.5%, operating income of 3% to 4.5%, and adjusted earnings per share of $0.62 to $0.65, which compares to ...
The market went up to $12.6 billion in 2013. In 2013, the e-retail segment was worth US$2.3 billion. About 79% of India's e-commerce market was travel related in 2013. [11] According to Google India, there were 35 million online shoppers in India in 2014 Q1 and was expected to cross 100 million mark by end of year 2016. [12]