Wal-Mart Exports Big-Box Concept to India, Russia
WALL STREET JOURNAL -- Wal-Mart Stores rolled out its deep-discount retailing formula in India, targeted at a more than $350 billion a year retail industry made up almost entirely of small merchants. Under Indian rules governing foreign retailers, Wal-Mart and its joint venture partner, Bharti Enterprises Ltd., can't sell directly to consumers but instead will operate a cash-and-carry business under the name Best Price Modern Wholesale, selling 10,000 products to licensed store owners, schools, hospitals, hotels and other institutions.
Will Russia be next?
1 Comments:
It blows my mind that India and other countries like Japan limit the flexibility of their retail channels and expect to be able to grow and operate on the same level as more free market countries.
Post a Comment
<< Home