WalMart is expanding in India. It has been announced that WalMart will be opening two new stores. “We recently received all internal approvals for opening two new cash-and-carry stores in India one in Vizag in Andhra Pradesh and second one in Ludhiana, our second store in the city in Punjab,” states Walmart India President and CEO Krish Iyer.
This is a very interesting development, “In addition to our existing footprint of 20 cash-and-carry stores, we are on schedule to open the 21st store in Agra shortly this year as we remain steadfast on our plan to open 50 more cash-and-carry stores in the next four to five years,” Iyer said.
It is interesting that retail or wholesale outlets in India are known as cash and carry stores. This was a common way to describe stores in the United States years ago and most retirees still look to find cash and carry stores. In fact, a number of retirement communities still have cash and carry stores.
Also note that 50 more stores will open in India in the near future with only 21 stores open now. That is huge growth for WalMart but nothing compared to what we saw in the 1980s and 1990s in the United States.
As we have known for quite some time, WalMart goes into a small town, gets all the business and slowly starts to expand. If you want to relive what WalMart did in the United States in the 1980s simply look at their growth in India today.