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...

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...

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, ...