Retail giant Walmart recently announced that it has promoted Sameer Aggarwal to Chief Executive Officer of Best Price, Walmart India w.e.f April 1, 2020. Post his promotion, Aggarwal will directly report to Dirk Van Den Berghe, Executive Vice-President and Regional CEO of Asia and Global Sourcing, Walmart. Aggarwal is taking over the CEO position from…
Walmart Inc, the world’s largest retailer, has laid-off more than 50 of its India executives as part of its restructuring efforts in the country. According to a Reuters report, citing Krish Iyer, President and CEO of its India unit, about eight senior management executives were also fired. The move clearly signals the struggles Walmart is…
Walmart and Flipkart has announced a joint strategic investment in Ninjacart, the innovative startup disrupting India’s fresh produce market with its made-for-India business-to-business (B2B) supply chain infrastructure and technology solutions. The transaction is expected to close by this year-end. The company was founded in 2015. Partnering with Ninjacart will help Walmart and Flipkart strengthen direct…