Walmart asks Myntra to reduce discounts, streamline processes

There is a strong focus on profitability & processes at Myntra, may come at the expense of growth, there are clear instructions to reduce discounts by around 13-14% & shutter small warehouses that do not meet Walmart standards.

Reducing inventory will help Myntra unlock working capital, In the fashion business, you will have to offer heftier discounts to clear old stocks and that means burning cash. Walmart does not have the appetite for such losses in fashion

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