THE WORLD'S LARGEST retailer, Walmart, on Thursday said that its Flipkart-led India business and Walmex-led China business led to strong topline growth in its international business in the May to July period.
This had helped the retailer post a 11% year-on-year growth in its international business to $27 billion in Q2.
India and China had reported double-digit growth in the quarter under review, Walmart said.
The company follows a February to January accounting year.
Commending the India business, in particular, Walmart CEO Doug McMillon said in an analysts call on Thursday that Myntra was the largest fashion and lifestyle marketplace in India.
Flipkart, he said, continued to deliver strong gross merchandise value (GMV) and net sales growth during the period.
Bu hikaye Financial Express Mumbai dergisinin August 18, 2023 sayısından alınmıştır.
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Bu hikaye Financial Express Mumbai dergisinin August 18, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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