Wal-Mart to Open 50 New Stores, Launch Online Shopping in India

A Wal-Mart truck sits outside a Wal-Mart store on Feb. 20, 2014, in San Lorenzo, Calif.  JUSTIN SULLIVAN/GETTY IMAGES
A Wal-Mart truck sits outside a Wal-Mart store on Feb. 20, 2014, in San Lorenzo, Calif.
JUSTIN SULLIVAN/GETTY IMAGES

Wal-Mart Stores Inc plans to open 50 additional wholesale stores in India over the next 4-5 years, company spokesman Anthony Rose said on Tuesday.

The world’s largest retailer already runs 20 wholesale stores in India. The retailer will also launch wholesale e-commerce operations this summer in the country, Rose added.

(Reporting by Clare Baldwin in Hong Kong; Writing by Nandita Bose; Editing By Tony Munroe)

SOURCE: Reuters

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