Walmart has reportedly downsized a sizeable chunk of its staff in India. The world’s largest retailer reportedly also plans to shut its Mumbai fulfillment center and halt new-store expansion in the country. Its piling up losses even after a decade of operations in India perhaps explain its decision. The question is, did it expect too much of the brick-and-mortar physical store business model when consumers are increasingly preferring to shop online? Mint Views Daily dispatch brings you scenes from the Mint edit table where ideas are mooted, discussed and debated before they make it to the coveted editorial page of the paper.
Walmart has reportedly downsized a sizeable chunk of its staff in India. The world’s largest retailer reportedly also plans to shut its Mumbai fulfillment center and halt new-store expansion in the country. Its piling up losses even after a decade of operations in India perhaps explain its decision. The question is, did it expect too much of the brick-and-mortar physical store business model when consumers are increasingly preferring to shop online? Mint Views Daily dispatch brings you scenes from the Mint edit table where ideas are mooted, discussed and debated before they make it to the coveted editorial page of the paper.