Anyone who questions whether the primary battleground for the world’s top retailers has shifted from brick-and-mortar stores to the omnichannel realm would do well to consider the series of significant developments that has unfolded in recent weeks. The lead story in the last edition of Mass Market Retailers was about Walmart’s $16 billion investment for
BENTONVILLE, Ark. — Walmart announced Wednesday that it has taken a 77% stake in Flipkart, India’s largest online retailer. The $16 billion investment, the largest Walmart has ever made in an outside business, gives the retailer a leading position in the growing market of 1.3 billion people and a chance to blunt Amazon’s drive to
MUMBAI — Walmart is in talks to buy a stake in Indian e-commerce company Flipkart, Thomson Reuters reported today, citing sources familiar with the matter. Walmart is reportedly eyeing a stake of 40% or more in India’s largest online marketplace. An investment from Walmart would give Flipkart muscle in its battle with Amazon.com, which has