Judith McKenna, CEO, Walmart International says, the e-commerce company is prioritizing on the holiday season across major markets, including in India, as online sales grow globally as well as in the United States.
Walmart is also on track to record $75 billion in global ecommerce sales by the end of this year. The e-tailer saw strong sales growth in Flipkart (India) as well as Mexico and China in its international markets
In India, it is prioritizing on the Big Billion Day sales, held during the Diwali festival in early November
Doug McMillon, President and CEO, Walmart Inc, said Flipkart had seen another good quarter. Its total revenues increased by 2.4 per cent during the quarter to $141 billion while ecommerce sales in the United States grew by 6 per cent. Ecommerce sales in India grew by 25 per cent to $38 billion in FY21, and are expected to grow over 30 per cent in the ongoing financial year.
Last month, Flipkart raised $3.6 billion in a new funding round, which is expected to give it significant firepower to expand online shopping in India and take on well capitalized rivals like Amazon, Reliance Industries (RIL) and the Tata Group.












