Walmart's global empire
The world’s largest retailer, Walmart, has an international reach of 6,360 stores across five continents. According to Bloomberg, the contribution of its international business to total revenue has reduced from about 30 percent five years back, to less than one-quarter of its total revenue. Reason? Competition, store closures and weak economies. With Doug McMillon as CEO, the company has seen a strategic change – buying e-commerce startups and focusing on potential markets like China and India. In the context of Walmart’s mega deal with one of India's largest ecommerce portals, Flip
Curated By: Forbes India
With operations in Canada since 1994, Walmart has about 400 stores across the nation. While the supercenters or supermarkets offer products ranging from home décor to electronics and grocery, Walmart.ca is their flagship online store.
