E-commerce giant Flipkart’s double digit growth has contributed significantly to its US-based parent company Walmart’s international sales, thanks to its later Big Billion Days sale event and strong sales towards the end of 2023. Flipkart’s performance helped Walmart’s international sales to also increase in double digits in the recent quarter.
“We had the best Big Billion Days ever,” said Walmart’s CEO Doug McMillon during an earnings call for the business, TNN reported. As Flipkart’s flagship sale event took place slightly later in October in 2023 compared to in 2022, this boosted overall performance.
Walmart’s choice to host its first-ever growth conference in India last week, as reported by ET Bureau, is another indication of the importance of the nation to its global operations. As part of its goal to source US $ 10 billion worth of goods from India by 2027, Walmart is eager to establish connections with suppliers around the nation.
