Flipkart Plans To Consolidate Loss Making Walmart Ops
Flipkart, having recently acquired its parent company Walmart’s loss-making B2B wholesale franchise ‘Best Price’, is exploring ways to consolidate its operations. The company may do this either by shutting down unviable ‘Best Price’ stores, of which there are 28 operational across the country, or turning them into warehouses with greater focus on ecommerce operations.
"The Best Price cash and carry business will continue to serve its 1.5 million+ members via its omni-channel network of 28 stores and B2B e-commerce operations. Our new store in Tirupati will open to serve members later this year and we will continue to evaluate opportunities for store openings,” a flipkart spokesperson said.