BIG news coming in, people! As per our highly placed sources, world’s largest retail store by revenue, Walmart, is set to open up its store in Visakhapatnam.
The American retail corporation, Walmart, Visakhapatnam will be soon commencing its operations in the city from a store near Autonagar. This will provide the Vizagites with a wonderful opportunity as the store brings a lot of unique aspects to the table. The products sold here are generally renowned for their quality and convenient prices.
Walmart is an American multinational retailing corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. The organization currently has close to 12,000 stores all across the globe including prominent markets such as United Kingdom, South America, and China. Its biggest market is, however, the USA which generates around 63% of its total revenue. Apart from being the world’s largest company by revenue, The store is also the world’s largest private employer with close to 25 lakh employees. It is a family owned business which is run by the Walton family.
Currently, the organization has 21 stores operating in India including one each at Hyderabad, Vijayawada, Guntur, and Rajahmundry. Visakhapatnam will be Walmart’s fourth venture in the state of Andhra Pradesh.
Business model of Walmart in India & Membership Advantages
To enter and purchase from Best Price stores, for both online and offline shopping it is mandatory to become a member. Unlike it’s retail modelled operations in other countries. Walmart operates in the wholesale model in India. As a member, you enjoy several benefits such as listed on their Indian Website:
- Bags of rice inside of Best Price store
- Wide range of assortments under one roof
- Focused assortments for your needs
- Every Day Low Prices
- Transparency in prices
- Consistent product availability
- Quality assurance
- World-class shopping experience
- Clean and air-conditioned store
- Friendly store associates
- Convenient shopping hours
As we all know, Visakhapatnam is a booming market in many fields. The city, which is poised to emerge as a smarter city, provides just the right platform for both its public and Walmart. While the public will get access to a better range of goods from a world-renowned store, Walmart will be itching to strengthen its foothold in the Indian market. Also, provided that retail giants like more, Reliance Fresh, Spencers, and D-Mart are enjoying a fair run here, it would be no surprise if Walmart too will turn out to be a hit.
So gear up for some multi-flavored shopping experience you are about to experience very soon. And yes, remember the place- near Autonagar.
Happy Shopping!! 🙂