Indian e-commerce giant, Flipkart is planning to open offline grocery stores to sell food items across the country. This decision comes soon after the company opened its 5th online grocery store in Mumbai this year. According to a report, ‘Globally, around 50-60 percent of Walmart’s sales come from food. The strategy of opening offline stores falls into Walmart’s overall scheme of things.’ It is believed that this move by Flipkart can also help Walmart’s cash-and-carry business, where revenue growth has been unsatisfactory. The establishment of these stores will also enable Flipkart to ‘take advantage of Walmart’s expertise’ in this segment.
Source: Times Now