Flipkart the E-commerce giant has lately taken the wholesale business of Walmart in India and is delving ways to merge its operations which can also include shutting down of unviable “Best Price” stores or turning some of them into full-fledged warehouses with a greater focus on their e-commerce operations said some sources.
In 2018 Walmart has bought 77% stake worth $16 Billion of Flipkart which has its headquarters in Bangalore. Flipkart is planning to relocate employees of Walmart India to Bangalore. These employees are currently working in Gurgaon office of Walmart that serves as Headquarter for Walmart India, which also runs 28 Best Price stores all over India from there. It is also in the process of relinquishing this office space in Gurgaon.
The Flipkart Group Spokesperson said, “Employees of the Walmart India team will transition to Flipkart Wholesale in January 2021. As part of the integration, we will be moving our operations to Bengaluru in the next fiscal. We will provide our employees with the necessary support to make this move.”
The Spokesperson further added, “The Best Price cash and carry business will continue to serve its 1.5 Million+ members via its omni-channel network of 28 stores and B2B E-commerce operations. Our new store in Tirupati will open to serve members later this year and we will continue to evaluate opportunities for store openings.”
With Warm Regards,
CL Bureau.
