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Walmart beefs up wholesale business in India

US retail giant Wal-Mart Stores plans to add 50 new wholesale stores in India as it seeks growth in a key market where it has been unable to launch retail stores. Walmart said it will open the new "cash and carry" stores over the next four to five years, adding to its 20 existing stores. It also plans to extend its e-commerce platform to members of the existing stores, which operate under the name Best Price Modern Wholesale. "Walmart is committed to India and we are excited about our growth plans," said Scott Price, chief executive of Walmart Asia.

Walmart sues Visa for $5 bn for rigging card fees

The world's largest retailer Walmart has sued credit card giant Visa for more than $5 billion for conspiring with banks to fix fees that merchants pay for accepting Visa card payments. In the suit filed this week in Arkansas, where Walmart is based, the retailer said Visa worked with some of the largest US banks "to illegally fix the interchange fees and inflate the network fees that Walmart and other merchants pay on Visa charge card transactions."

Walmart to spend $500 million on 35 supercentres, will create 7,500 jobs

TORONTO - Walmart is placing its bets on the fresh food business, as it announced Tuesday it will open 35 more Canadian supercentres as part of nearly $500 million in planned investments this year. The world's biggest retailer said its long-term plan is to offer groceries in each of its Canadian stores, a move which will increase the pressure on its retail rivals.

Walmart warns on fourth-quarter profits

Walmart Friday said bad weather and cuts in food stamp support for the poor weighed on US sales and would hit earnings for its November-January fourth quarter. Wal-Mart Stores Inc., the world's largest retailer and the country's largest single private sector employer, said it now expects sales at its namesake US stores and its Sam's Club chain to be "slightly negative" for the quarter, which included the crucial holiday shopping period. Previously the company forecast "relatively flat" sales at Walmarts and 0-2 percent growth at Sam's Clubs.

US labor board files complaint on Walmart violations

The US National Labor Relations Board issued a formal complaint Wednesday against giant retailer Walmart, saying it violated labor rules by threatening and punishing workers who joined pro-union protests. The complaint says that the country's largest employer and a longtime foe of unions violated employee rights in 14 states during the November 2012 Thanksgiving holiday protests. The NLRB complaint, which consolidates a number of separate cases, involves more than 60 employees, including 19 who were fired or laid off illegally after taking part in the protests.

Walmart removes tainted donkey meat from stores in China

Shanghai, Jan 3 (EFE).- Walmart over the past few days has removed from its stores in the Chinese city of Jinan several batches of donkey meat, when it was found that it was being sold fraudulently mixed with undeclared meat from other animals. After a series of DNA tests, it was found that the donkey meat, a normal dish in the eastern province of Shandong, was mixed with flesh from other animals, including fox meat, the official China Daily said Friday.

Walmart to open stores in US capital despite protest

Walmart, the biggest retailer in the United States, is opening its first-ever stores in the US capital -- but some aren't giving it a warm welcome. Wooed by Mayor Vincent Gray, the big box discounter has made plans to eventually open six locations, ultimately creating as many as 1,800 jobs in a city that, in some neighborhoods, has more than double the national average unemployment rate. "Jobs? We need jobs here big time," said Tinisha, who applied for a position at one of the first two stores Walmart is opening in Washington, set to ring up its first sales on December 3.

India clears Walmart of FDI violations

India has cleared US supermarket giant Walmart of accusations it broke a ban on foreign investment in supermarkets by taking an indirect stake in a local chain, reports said Thursday. The Indian government has been investigating a purchase by Walmart of $100 million in convertible debt from the retail arm of Indian conglomerate Bharti Enterprises to see whether the US supermarket chain was seeking to circumvent curbs on foreign investment in the sector.

US giant Walmart and India's Bharti end joint venture

Walmart and Indian firm Bharti announced Wednesday they were ending their partnership, with the US giant partly blaming India's new rules on foreign investment for the split. The companies said they would "independently own and operate separate business formats", ending a partnership aimed at building Walmart's presence in India's potentially lucrative retail sector. The world's biggest retailer has operated since 2007 in India as a wholesaler via its partnership with Bharti, but it is unable to sell directly to consumers.

US giant Walmart and India's Bharti end joint venture

Global retail giant Walmart and Indian firm Bharti said on Wednesday they were ending their partnership in the country's retail sector and would now operate separate businesses. The companies said in a joint statement that they would "discontinue their franchise agreement in the retail business" in India and would "independently own and operate separate business formats". Walmart has said it wants to operate supermarkets in India after New Delhi moved last year to open up the retail sector to foreign companies in a bid to boost the sharply slowing economy.
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