Red tape, graft: India no super market for Wal-Mart

(Reuters) – Wal-Mart’s India expansion is stalled. When India announced last September that it would allow foreign supermarket chains to take majority ownership of their local operations, it marked a victory for Wal-Mart Stores, which had spearheaded efforts to open the market and said its first retail store would open within two years. Now, two […]

Wal-Mart CEO’s pay jumps 14.1 percent to USD 20.7 million

Wal-Mart Stores Inc Chief Executive Mike Duke earned USD 20.7 million last year, up from USD 18.1 million a year earlier, as the world’s largest retailer grew despite a sluggish U.S. economy and concerns over alleged international bribery.   Duke’s cash incentive payment in fiscal 2013 was nearly USD 4.4 million, up from nearly USD […]

Wal-Mart’s into crowd-sourcing now

Crowd-sourcing, in the Indian context, is the art of organising rent-a-rally for political parties. The western definition has no discernible political overtones, it basically means roping in lots of people to complete a task, for faster and better results. So, Wal-Mart’s imminent foray into crowd-sourcing is hardly addition of a brilliantly appropriate new product to […]

Wal-Mart to start using its stores to get Internet orders: reports

Wal-Mart Stores InC has reportedly said that it would start using its stores to get Internet orders to customers faster. Wal-Mart said that it would soon test having lockers to hold goods ordered on the Internet in stores until shoppers pick them up, report says. Wal-Mart is the world’s largest retailer by overall sales, on […]

Inquiry panel likely to meet senior Wal-Mart executives this week

The government-appointed panel, looking into possible irregularities in Wal-Mart’s US lobbying activities for entering the Indian market, is expected to meet senior executives of the retail giant this week to gather more information. Faced with political heat, the government announced a probe in December into the lobbying activities by Wal-Mart in the US for gaining […]

Wal-Mart case: ‘Rules do not require Indian cos to disclose lobbying details’

Indian companies are not required to make any disclosures regarding their lobbying activities and the country’s regulations have no provision as yet in this regard, the government said today. A panel, appointed by the government, is already looking into Wal-Mart’s lobbying activities in the US to check whether there have been any irregularities related to […]

Time for India to take a firm stance on FDI

Will Wal-Mart, Tesco and other foreign retailers open up shop in India soon? This week the Indian parliament will vote on this crucial issue. But in fact, Tesco and Wal-Mart already have a presence in India. Wal-Mart has been in the country for five years. In its joint venture with the Indian business house Bharti, […]

Curbs on Ikea can force global retailers to rethink

A ruckus in Parliament, a corruption probe into Wal-Mart, and, topping it all, restricting Scandinavian furniture retailing giant Ikea over the products it can sell in India threaten to completely upend India’s promising retail story. The government is said to have forbidden Ikea from selling over half its products, without giving any logical reasons. “This […]

Wal-Mart eyes 51% stake in new India retail arm

GURGAON: Days after the government allowed FDI in multi-brand retail, US giant Wal-Mart has said it wants to have a 51% controlling stake in a new front-end retail company for which wholesale partner Bharti Enterprises would be a “natural partner”. The company — which wants to have an all-new format for stores in India — […]