Flipkart Dominates Walmart International’s Ad Biz Growth In Q1

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SUMMARY

Senior Walmart executive, Steph Wissink, said that the US-based retail major is “proud of the progress” that the company has been making at Flipkart

Flipkart, along with China, also contributed heavily to the sales growth of Walmart International in Q1

However, Walmart International’s operating income, in constant currency terms, declined 6.4% YoY to $1.4 Bn on the back of “strategic growth investments for Flipkart, Walmex, and Canada”

Flipkart led from the front as the ecommerce juggernaut contributed the…



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Flipkart Dominates Walmart International’s Ad Biz Growth In Q1


SUMMARY

Senior Walmart executive, Steph Wissink, said that the US-based retail major is “proud of the progress” that the company has been making at Flipkart

Flipkart, along with China, also contributed heavily to the sales growth of Walmart International in Q1

However, Walmart International’s operating income, in constant currency terms, declined 6.4% YoY to $1.4 Bn on the back of “strategic growth investments for Flipkart, Walmex, and Canada”

Flipkart led from the front as the ecommerce juggernaut contributed the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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