Wal-Mart plans to open 50 wholesale stores in India over four-five years

Tue Apr 8, 2014 7:02am EDT
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HONG KONG (Reuters) - Wal-Mart Stores Inc (WMT.N: Quote) plans to open 50 additional wholesale stores in India over the next 4-5 years, company spokesman Anthony Rose said on Tuesday.

The world's largest retailer already runs 20 wholesale stores in India. The retailer will also launch wholesale e-commerce operations this summer in the country, Rose added.

(Reporting by Clare Baldwin in Hong Kong; Writing by Nandita Bose; Editing By Tony Munroe)

The Wal-Mart company logo is seen outside a Wal-Mart Stores Inc company distribution center in Bentonville, Arkansas June 6, 2013. REUTERS/Rick Wilking