Walmart and Flipkart invest in Indian fresh produce supply chain startup Ninjacart

INDIA – Walmart and Flipkart have announced a joint strategic investment in supply chain start-up Ninjacart to strengthen their direct sourcing of fresh produce and enable Ninjacart to expand its customer base. T​he three partners […]

Nestlé, Walmart and Borealis join New Plastics Economy as core partners

USA – Nestlé and Walmart and Australian chemical firm, Borealis, have joined the New Plastics Economy, an initiative that brings together key stakeholders with an aim of promoting circular economy in relation to plastic packaging. […]

Walmart chief executive for US Greg Foran to step down early 2020

USA – Walmart Inc has announced that its chief executive in charge US operations, Greg Foran will be leaving the company at the end of January 2020. The American retailer has appointed the head of […]

Walmart pilots blockchain technology to strengthen seafood supply chain in India

INDIA – American eCommerce and retail firm, Walmart is piloting block chain technology for end-to-end traceability of shrimp sourced in Andhra Pradesh, south-eastern India. Walmart says that the pilot project will help to track seafood […]

Newly appointed Massmart CEO Mitchell Slape to assume office from September

SOUTH AFRICA – Massmart, Walmart owned South African retailer, has announced that the newly appointed chief executive Mitchell Slape will assume office from September 1, 2019. In May, Walmart announced it was sending in Slape, […]

Massmart Holdings subsidiary Game stores opens new branch in Kenya

KENYA – Game Stores, a subsidiary of South Africa’s retail giant Massmart Holdings, has opened its third outlet in Kenya at Kisumu’s Mega City Mall, in western region of the country. The branch, which is […]

Massmart appoints Walmart veteran Mitchell Slape as new CEO

SOUTH AFRICA – Massmart, Walmart owned South African retailer, has announced the appointment of Mitchell Slape as the new Chief Executive Officer (CEO) and executive director of the company. Mitchell Slape, the chief executive officer […]

Walmart to launch US$104m food distribution and ecommerce center in China

ASIA – The world’s leading ecommerce and retail firm, Walmart is set to launch its first perishable food distribution centre, alongside ecommerce and delivery services in China. Set to begin operations in March, the center […]

Flipkart CEO Binny Bansal resigns after personal misconduct investigation

INDIA – Walmart owned Flipkart’s Chief Executive Officer (CEO), Binny Bansal has resigned from the company following an investigation into an alleged ‘serious personal misconduct’. According to the US retail giant, Binny has strongly denied […]

Walmart to offload 570 office workers onto outside company

USA – Walmart, the American multinational retail corporation is transferring 570 workers from finance and accounting department to an outside company which will help in the retailer’s financial operations. According to a New York Times report, […]