Blog: Dean BestIndian retailer steals march on Wal-Mart

Dean Best | 17 August 2007

For all Wal-Mart’s pleasure at setting up its first venture in India, a domestic rival looks to have stolen a march on the US group with ambitious plans to expand throughout the country.

Reliance Retail wants to spend a whopping US$6bn expanding its store network from around 250 to 5,000 outlets in just four years.

Now, Wal-Mart – which earlier this month made its first foray into India with a cash-and-carry deal – is hamstrung by a ban on direct foreign investment in India’s retail sector.

Nonetheless, should Reliance follow through with its plans, Wal-Mart will be faced with a pretty strong competitor if and when government controls on investment are lifted.


BLOG

Asda and Sainsbury's - deal or no deal?

The proposed merger between Asda and Sainsbury's - two of the UK's 'big four' supermarkets - is, as expected, getting people hot under the collar....

BLOG

Carrefour, Google team up as France's online grocery shake-up continues

France's largest food retailers have made a number of moves in recent quarters to try to tap into the growth of the country's online grocery market - and this week another notable venture has been ann...



Forgot your password?