Walmart looking to appoint foreign executives as CFO after it completes Flipkart acquisition

INDIA - Walmart Inc., the world’s largest retailer is looking to appoint foreign executives as Chief Financial Officer (CFO), legal counsel and compliance officer at Bengaluru-based Flipkart once it completes the acquisition transaction. Revealing sources familiar with the matter, ET Retail has reported that Walmart may consider hiring from its Asda unit in the UK,…

Swiggy appoints former Amazon India executive as engineering head

INDIA - The online food delivery company, Swiggy has appointed Dale Vaz, former Amazon India engineering head as its new head of engineering and data sciences, ET Retail has revealed. Vaz brings in eleven years of experience from Amazon with his most recent role as the director of software engineering. He will be responsible for…

Walmart partners with Microsoft to boost ecommerce against Amazon

USA - Walmart Inc., the American chain of hypermarkets has entered into a strategic partnership with Microsoft Corp for wider use of cloud and artificial intelligence technology that for faster, convenient and easier shopping by customers at its stores. The five-year agreement will see Walmart utilize Microsoft’s cloud solutions, which is Microsoft Azure and Microsoft…

Microsoft to introduce check-out free retail to take on Amazon Go

USA - Microsoft Corp is working on check-out free retail that would eliminate cashiers and checkout lines from stores, meant to compete with Amazon’s automated grocery stores, Amazon Go, reported Reuters. With the technology, the company’s systems will be able to track what shoppers add to their trolleys. According to people familiar with the matter,…

Amazon launches own pet-food brand, Wag for dogs

USA - Amazon, the American ecommerce company has launched its own brand of pet food, Wag, a private label of pet food, stretching its retail muscles further into the pet business. According to Bloomberg, the Wag brand was launched with dry dog food and Amazon plans to expand the range into other pet supplies. The…

Walmart acquires Flipkart for US $16b in one of the largest-ever ecommerce deals

INDIA - Walmart Inc. on has announced its high profile acquisition of Flipkart for US$16 billion for a valuation of over US$20 billion, making it the largest ecommerce acquisition in the world. ET Retail has reported that the 77% acquisition deal of the Bengaluru-based company, as per sources, is also the largest buyout for the…