Unpredictable demand forces retail firms to reduce stocks
Retailers across categories are finding that consumer demand is getting more and more unpredictable,
and it's forced them to change the way they manage inventory. Retailers are stocking their shelves
cautiously, even at the risk of losing out on potential sales, as they don't want to get stuck with an
inventory pile up if fickle consumers decide not to spend.
Bharti expected to take a decision on future of Walmart partnership this month
The group, which has a 50:50 joint venture with Walmart for wholesale cash and carry, is understood to
be anxious after their partnership came to a standstill, with no new stores being opened. Bharti is
awaiting Walmart's final response to Indian retail and then they will evaluate their options.
Amid exit talks, Walmart seeks to delay $100 million CCD swap
Walmart has sought an extension from the government to defer conversion of its $100 million
compulsory convertible debentures into equity in the holding firm of Bharti Retail amid speculation that
the world's largest retailer will shortly make an announcement on whether it wants to remain invested in
India and on the fate of its partnership with the Indian company.
Cabinet to soon take up Mudgal probe report on Walmart
The Cabinet is expected to soon discuss the findings of Mudgal panel which probed allegations of
lobbying activities by Walmart to enter the Indian market, as well as the pursuant Action Taken Report.
The Mudgal panel was set up in Jan after the govt informed Parliament that it would probe the issue of
Walmart having lobbied hard before the US lawmakers for access to lucrative Indian retail market.
30 Sep
6 Oct