Wal-Mart set to conquer India

[Schadenfroh]

Text

Wal-Mart Stores Inc. (WMT.N: Quote, Profile, Research), the world's biggest retailer, will enter India's retail market through a joint venture with Bharti Enterprises, adding its logistics expertise to the conglomerate's knowledge of the local market.

Bharti Enterprises Ltd. Chairman Sunil Mittal said on Monday he expected the joint venture to be operating several hundred stores across the country within five years.

Who cares about losing Germany when you are going to have the most populated country in the world under your thumb (I know China is right now, but in a decade or so, India will pass them).

 

[DaShen]

Hmmm... interesting

 

[athithi]

Originally posted by: Schadenfroh
Text

Wal-Mart Stores Inc. (WMT.N: Quote, Profile, Research), the world's biggest retailer, will enter India's retail market through a joint venture with Bharti Enterprises, adding its logistics expertise to the conglomerate's knowledge of the local market.

Bharti Enterprises Ltd. Chairman Sunil Mittal said on Monday he expected the joint venture to be operating several hundred stores across the country within five years.

Who cares about losing Germany when you are going to have the most populated country in the world under your thumb (I know China is right now, but in a decade or so, India will pass them).

LOL, I hope Wal-Mart knows what it is getting into! Indian shoppers have a completely different mind-set compared to Americans. I mean, imagine a nation of 1 billion RossMans :Q

 

[FoBoT]

I, for one, welcome our Wal-Mart Overlords.

 

[Abhi]

Originally posted by: athithi

Originally posted by: Schadenfroh
Text

Wal-Mart Stores Inc. (WMT.N: Quote, Profile, Research), the world's biggest retailer, will enter India's retail market through a joint venture with Bharti Enterprises, adding its logistics expertise to the conglomerate's knowledge of the local market.

Bharti Enterprises Ltd. Chairman Sunil Mittal said on Monday he expected the joint venture to be operating several hundred stores across the country within five years.

Who cares about losing Germany when you are going to have the most populated country in the world under your thumb (I know China is right now, but in a decade or so, India will pass them).

LOL, I hope Wal-Mart knows what it is getting into! Indian shoppers have a completely different mind-set compared to Americans. I mean, imagine a nation of 1 billion RossMans :Q

1 billion RossMans!!!! LOL

I totally agree.....

 

[Vic]

I don't see Wal-Mart succeeding in India.

 

[The Stigenator]

this is really bad for india..
good for business but bad for population of india, and the already poor people.. its going to put more people out of business. India doesnt have big box stores. small business make up the core society.. this is a very very bad idea.

 

[Zysoclaplem]

Originally posted by: TheGoodGuy
this is really bad for india..
good for business but bad for population of india, and the already poor people.. its going to put more people out of business. India doesnt have big box stores. small business make up the core society.. this is a very very bad idea.

Maybe, but if walmart doesn't do something drastic like this quick, they are going to find themselves out of business.
I typed that with a straight face. :-D

 

[Mucho]

You mean; Wal-Mart set to conquer the world don't you?

 

[foghorn67]

Do they have a flag?

 

[Syringer]

Originally posted by: TheGoodGuy
this is really bad for india..
good for business but bad for population of india, and the already poor people.. its going to put more people out of business. India doesnt have big box stores. small business make up the core society.. this is a very very bad idea.

It will also create a ton of jobs as well, and provide cheap goods to the poor/majority.

 

[fallenangel99]

Walmart will do ok in the major cities, but in the smaller cities/towns/villages, it is going to struggle mightily.

 

[Schadenfroh]

Originally posted by: Syringer

Originally posted by: TheGoodGuy
this is really bad for india..
good for business but bad for population of india, and the already poor people.. its going to put more people out of business. India doesnt have big box stores. small business make up the core society.. this is a very very bad idea.

It will also create a ton of jobs as well, and provide cheap goods to the poor/majority.

and drive India?s small businesses out of business, due to Wal-Mart offering lower prices than the competitors because of bulk deals they make with manufacturers (like in America).

 

[jadinolf]

Originally posted by: athithi

Originally posted by: Schadenfroh
Text

Wal-Mart Stores Inc. (WMT.N: Quote, Profile, Research), the world's biggest retailer, will enter India's retail market through a joint venture with Bharti Enterprises, adding its logistics expertise to the conglomerate's knowledge of the local market.

Bharti Enterprises Ltd. Chairman Sunil Mittal said on Monday he expected the joint venture to be operating several hundred stores across the country within five years.

Who cares about losing Germany when you are going to have the most populated country in the world under your thumb (I know China is right now, but in a decade or so, India will pass them).

LOL, I hope Wal-Mart knows what it is getting into! Indian shoppers have a completely different mind-set compared to Americans. I mean, imagine a nation of 1 billion RossMans :Q

Oh, God forbid.