Markets/India/News

India news and analysis

11 October 2023
The leading modern retailer in India continues to receive foreign investment, fuelling its rapid growth across the country. Attractive proposition for investors Reliance Retail has received an investment of US$600 million from the Abu Dhabi Investment Authority. Reliance’s strong growth and adaptability in the market has been cited for attracting the investment. This latest investment fo...
21 August 2023
Walmart reported ‘better-than-expected’ results in sales, operating income and adjusted EPS in the second quarter. Off the back of this, it has increased its full-year guidance. Here we delve into those numbers and explore the latest updates to its strategy.   Key numbers Q4 total revenue increased by 5.7% to $161.6 bn Sales in US stores grew by 5.4% (net), with Sam’s Club up 5.3% (...
10 July 2023
In recent weeks Amazon has made four significant strategic developments, investing in its international operations, focusing on sustainability and gearing up for Prime Day 2023. Strengthening commitment to India’s long-term potential Amazon has been quick to compete with Walmart’s increased $2.5bn commitment to the Indian market as it announces plans to take investments to $26bn by 2030, wi...
12 May 2023
Our global analysts share some of the latest headlines across the globe. Here's what you need to know. Lidl Denmark has opened its first tobacco free store. The retailer has plans to be tobacco free in the country by 2028 Aldi Sud is testing a new ‘Einfach Gut’ (simply good) private label range, with prices even lower than traditional entry level products There is a price war in pasta...
29 March 2023
Walmart International's President and CEO, Judith McKenna took a deep dive into global retail at the Shoptalk event in Las Vegas. We look at the shifts it’s seeing in consumer priorities and how it’s responding. Shifting priorities Walmart International, with a presence in six major markets serving nearly 40% of the world's population, holds a distinctive perspective on global retail. The c...
14 February 2023
Apps, apparel, and finding love in aisle seven: our pick of global activity from leading retailers and brands to celebrate Valentine’s day. Brand love The global phenomenon for retail branded merchandise continues to grow. Convenience giant 7-Eleven has launched a special edition Valentine's range, including couples matching t-shirts, and clothing with slogans including “swipe right for sna...
06 January 2023
In the first stage of it scaling back operations in the Asian market, German based Metro Group is selling its wholesale format in India to local retailer Reliance Retail. Scaling back in Asia to focus on European ventures The sale of Metro’s operation in India will see Reliance Retail take over its 31 wholesale stores, with the deal expected to be concluded in March 2023. Metro has been pre...
15 November 2022
Walmart delivered a strong Q3 sales performance, setting it up for the holiday trading period. We look at the factors driving its results and expectations going forward. Walmart's Q3 key numbers Walmart's total revenue in Q3 increased by 8.7% to $152.8 bn, representing an additional $12.3 bn year-on-year Sales in its US stores increased by 8.5%, with Sam’s Club up 12.8% US ecommerc...
31 October 2022
Flipkart, the Indian online retailer backed by Walmart, is looking for further investment to expand its operation in the country. Up to $3 billion needed to compete Reports suggest Flipkart is looking to raise between $2 billion to $3 billion to expand its product range and compete with market leaders. Its non-grocery offer makes it the second largest online retailer in India after Amazon, ...
21 June 2022
Our latest research reveals that Walmart’s revenue is set to reach almost $750 bn by 2027. Between 2021 and 2027 it is expected to grow by 4.7% on a CAGR basis, reaching $747.6 bn. $180 bn growth opportunity Our new report Strategic outlook for Walmart , reveals that Walmart’s growth will be led by its operations in the USA, India and Mexico. Over recent years the retailer has recast i...