
Flipkart Purchases Walmart India to Compliment Its Flipkart Wholesale Business
India’s renowned e-commerce outlet, Flipkart has acquired a 100% stake in Walmart to boost its Flipkart Wholesale business that will commence operation in August.
India’s renowned e-commerce outlet, Flipkart has acquired a 100% stake in Walmart to boost its Flipkart Wholesale business that will commence operation in August.
Walmart is set to launch its loyalty-based subscription program called Walmart+ this July. It will compete with the Amazon Prime service. WMT stock jumped 7% yesterday.
Walmart (WMT) stock stays in the green zone as UBS analyst Michael Lasser placed an upgrade call at the retail giant’s shares. This call was inspired by the company’s recent upgrade in tech, enhanced productivity, and massive eCommerce sales.
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