India news and analysis

06 January 2023
In the first stage of it scaling back operations in the Asian market, German based Metro Group is selling its wholesale format in India to local retailer Reliance Retail. Scaling back in Asia to focus on European ventures The sale of Metro’s operation in India will see Reliance Retail take over its 31 wholesale stores, with the deal expected to be concluded in March 2023. Metro has been pre...
15 November 2022
Walmart delivered a strong Q3 sales performance, setting it up for the holiday trading period. We look at the factors driving its results and expectations going forward. Walmart's Q3 key numbers Walmart's total revenue in Q3 increased by 8.7% to $152.8 bn, representing an additional $12.3 bn year-on-year Sales in its US stores increased by 8.5%, with Sam’s Club up 12.8% US ecommerc...
31 October 2022
Flipkart, the Indian online retailer backed by Walmart, is looking for further investment to expand its operation in the country. Up to $3 billion needed to compete Reports suggest Flipkart is looking to raise between $2 billion to $3 billion to expand its product range and compete with market leaders. Its non-grocery offer makes it the second largest online retailer in India after Amazon, ...
21 June 2022
Our latest research reveals that Walmart’s revenue is set to reach almost $750 bn by 2027. Between 2021 and 2027 it is expected to grow by 4.7% on a CAGR basis, reaching $747.6 bn. $180 bn growth opportunity Our new report Strategic outlook for Walmart , reveals that Walmart’s growth will be led by its operations in the USA, India and Mexico. Over recent years the retailer has recast i...
17 May 2022
Despite a solid sales performance in the first quarter, against tough comparables, Walmart saw a sharp hit on profitability due to higher costs. We look at the impact on its performance and its updated outlook for the year. Walmart's Q1 key numbers Walmart's total revenue in Q1 increased by 2.4% to $141.6bn, representing an additional $3.3bn Sales in its US stores increased by 4.0%, w...
10 May 2022
A round up of the latest developments in quick commerce. Unilever has partnered with on-demand automated store operator Robomart to launch a direct-to-consumer (D2C) service. Operators are focusing on expansion plans with Ocado launching its latest Zoom by Ocado site in East London and Zepto raising $200m to expand across India. Unilever signs deal with autonomous store operator Robomart ...
20 April 2022
Flipkart, Lazada and Tmall, leading ecommerce operators from across the region, are launching new customer-facing initiatives that tap into the desire to make better choices for people and the planet. Tmall introduces carbon emission product labelling Alibaba’s online marketplace Tmall is launching new product labelling to help shoppers understand environmental impact when making shopping w...
13 April 2022
PayPal's John Rainey has been named as Walmart’s new CFO. He takes over the position from Brett Biggs on June 6. Biggs announced last year that he would be stepping down from his role, having spent 22 years at the retailer. Joining from PayPal Rainey joins Walmart from PayPal, where he currently serves as its CFO and EVP, Global Operations. He joined the company seven years ago, helping it ...
11 April 2022
With smartphone penetration set to increase to 1bn by 2026, “super apps” are a hot topic in India. Tata, parent company of online grocery leader BigBasket, is the latest to launch in the market. Seamless, single-platform shopping and more The Tata Neu “super app” launched 7 th April 2022, experiencing half a million downloads in its first day.   The “super app” unites a wide range of ...
28 January 2022
Like in all regions, COVID has impacted the food and consumer goods landscape in Asia, altering shopping habits, forcing retailers to rethink their strategies and accelerating trends. With omicron and the pandemic continuing to dominate headlines globally, what does this mean for the grocery industry across Asia in 2022? We have pulled out five trends that we believe will continue to evolve at pa...