Walmart to open 30 wholesale cash-and-carry stores in the next three years

US Retail major Walmart will open 30 wholesale cash-and-carry stores in the next three years, a top company official said on Monday.

The company, which opened its second fulfilment centre here, is also in the process of opening some more in India to tap its growing business-to-business (B2B) e-commerce business here.

We would launch two stores this year, eight stores next year and 10 stores a year after that, said Walmart India President and CEO Krish Iyer.

Walmart has plans to add 50 stores in next five to seven years, Iyer added.

Besides, the company has a signed memorandum of understanding (MoU) with the government of UP to have 15 stores in next few years in the state, lyer said.

We have already finalised three sites and six more are in the pipeline, Iyer added.