Walmart to open 50 wholesale stores in India in five years

Walmart Asia has announced planned the retail giant is planning to open another 50 cash-and-carry, or wholesale, stores in India over the next four-five years. Currently, this Bentonville, Arkansas-headquartered chain has 20 cash-and-carry stores in India — the last was opened in Bhopal towards the end of 2012. The firm would also initiate its Indian e-commerce business this summer. To begin with, Walmart will get into B2B (business-to-business) e-commerce, catering to kirana stores through cash-and-carry outlets. Such big development in the retail landscape will bring new business opportunity to those signage players engaging in in-shop displays and related activities.