Walmart-owned e-commerce major Flipkart is currently working on strategies to consolidate Walmart’s operations, sources informed.
In order to achieve the same, the Bengaluru-based company might decide to either close down Walmart’s Best Price stores that are unviable or develop some of them into full-fledged warehouses, keeping the focus on their e-commerce operations.
Last month (July 2020), Flipkart acquired Walmart’s B2B wholesale chain, Best Price Modern Wholesale, to introduce its own service called Flipkart Wholesale.
It must be highlighted here that Flipkart has undertaken the process of relinquishing the space in Gurugram currently in use as headquarters by Walmart India, which owns and operates 28 Best Price stores across India.
The Indian e-commerce giant Flipkart also has plans to shift its employees to Bengaluru.
The employees of Walmart India team will be shifted to Flipkart Wholesale in January next year, shared A Flipkart representative.
The process will also include moving the company’s operations to Bengaluru in the next fiscal.
“The Best Price cash and carry business will continue to serve its over 1.5 million members via its omni-channel network of 28 stores and B2B e-commerce operations,” he further stated.
“Our new store in Tirupati will open to serve members later this year and we will continue to evaluate opportunities for store openings,” the spokesperson added.
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