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Walmart to convert some stores into Flipkart warehouses

Feb 26, 2020 by The Passage Team
Walmart to convert some stores into Flipkart warehouses

US-based retailer Walmart has set in motion plans to convert some of its two dozen wholesale stores into fulfilment centres for homegrown ecommerce firm Flipkart, which it owns, as part of a restructuring process of its cash-and-carry business, multiple people familiar with the development said.

“Out of the 28 stores, six will be converted into fulfilment centres,” one of the people said, asking not to be named. Another person said Walmart’s plan is to turn many more of its ‘Best Price’ brand cash-and-carry stores into warehousing in the coming months. Top global consulting firms are pitching on how best to convert the existing outlets into warehouses, a third person said.

Source: Economic Times

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