Walmart split with its Indian joint venture partner of seven years recently and the smart folks at the University of Pennsylvania Wharton School of Business put the situation in perspective and offered insight into future possibilities for a market that still boasts more than one billion potential consumers and promising long term prospects.
Bharti Walmart, Walmart's joint venture in India, has reportedly ended plans to start online operations and has fired Dippankar Halder, who was in charge of the division.
However, a spokeswoman for the company, according to The Economic Times, denied the reports and said that Bharti Walmart will continue to serve its members multiple ways, including through the e-commerce channel.
The rhetoric over allowing foreign direct investment in India is reminiscent of the rhetoric that would have occurred in the United States 30 years ago had Walmart’s critics knew then what they profess to know now.
Walmart is offering the women who work in the factories that supply its products the chance for a better life with lessons in such critical life skills related to communication, hygiene, reproductive health, occuputational health and safety and gender sensitivity.
The National Retail Federation announced that it has urged the Senate to approve legislation that would help create jobs by making it quicker for citizens of Brazil, China and India to obtain visas needed to travel to the United States on business or to shop in U.S. stores.
Macy’s announced that it will offer an exclusive collection of area rugs that have been certified by GoodWeave, an international nonprofit organization that works to ensure rugs made by hand in Nepal and India are free of child labor.
After nearly four hours of music, cheering, celebrity appearances and brief presentations by senior executives, Wal-Mart Stores president and CEO Mike Duke wrapped up the company’s annual shareholders’ extravaganza Friday morning by sharing five priorities associated with serving what he called the next generation of customers.