Walmart’s Q4 its international sales grew 5.5 per cent to touch $34.9 billion, led by "strong topline growth" in its Indian e-commerce arm Flipkart and some other markets. Walmart International -- which includes operations in India, China, Japan, Africa, Canda, UK, Mexico and Chile -- posted a net sales of $33 billion in the year-ago period. The Bentonville-based company’s total revenue rose 7.3 per cent to $152.1 billion in Q4. On a full-year basis, Walmart's revenue was up 6.7 per cent to $559.2 billion. "Walmart International net sales were $34.9 billion, an increase of 5.5 per cent. Net sales in constant currency increased 6.3%, led by Flipkart, Mexico and Canada," Walmart said in its earning statement.
Meanwhile Flipkart aims to scale its loyalty program Flipkart Plus and its grocery and fashion businesses in India besides investing in technology and infrastructure this year. The company has also been focusing on ensuring safety of employees and partners during the year 2020.
Positioned to win India's e-commerce future, Flipkart delivered strong GMV growth in Q4 2020 even though its GMV was impacted by a 53-day shutdown (lockdown) in the first half of the year. The e-commerce company supports five Indian languages to access the product catalogue and launched voice enabled shopping.
Flipkart has signed a Memorandum of Understanding (MoU) with Tamil Nadu’s ministry of small-scale and medium enterprises to take local artisans, weavers, craftsmen of the state online. The partnership under the Flipkart Samarth program will enable Tamil Nadu’s small-scale industries to showcase and sell their products on the e-commerce platform. Flipkart will provide market access training and support to the sellers. Flipkart had launched its Samarth (capable) initiative in 2019 to help weavers, crafts persons, and artisans from across the country sell their products on its platform.
