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Walmart’s Flipkart To Acquire Retail Giant’s Indian Stores

PYMNTS

Walmart is selling its 28 stores and eCommerce operations in India to Flipkart Group , the online marketplace it controls. The stores operate like warehouse clubs, serving independent retailers and other small businesses. With the sale, Flipkart will gain 5,200 employees. billion in a venture funding round led by Walmart.

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Retail banking trends to look out for in 2023

Independent Banker

ITMs and VTMs are popular retail banking innovations among community banks. What’s on the horizon for retail banking? According to a new report from PwC titled “Retail Banking 2025 and Beyond” (see sidebar), the retail banking industry is undergoing tremendous change—but, of course, community bankers already know that.

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Office Depot Makes Changes In Leadership Team

PYMNTS

Office Depot has made some key changes in its leadership team, including naming a new chief digital officer. Calkins was previously Office Depot’s executive VP and chief legal officer and has also been responsible for the company’s contract sales business and Canadian operations. He will also oversee the copy and print business.

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Commerce Principal Quoted in ForresterNow Report

Perficient

Forrester states that to provide an enhanced and optimized commerce experience in conjunction with fixed promotional options and marketplace platform requirements, B2B sellers need to supercharge all components of their marketplace ecosystem and online presence. Would you put up the same signs? B2B Marketplaces Are the Next Step in Commerce.

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Polish Investors Hopeful For eCommerce After Allegro IPO

PYMNTS

Online retailer Allegro.eu was valued by investors at $25 billion in a deal last month, Bloomberg reported, in a transaction whose value was driven up by the shift of Poles to online shopping as a result of the pandemic. Globally, experts predict, online shopping will surpass prior levels significantly this holiday season.

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What’s The Future For NBA-Related Retail In China?

PYMNTS

Basketball is one of the most popular sports – if not the most popular sport – in China, but there’s a little less NBA available today for online shoppers in that country, according to reports. These moves come amid a push by China to encourage more cross-border commerce and retail. The move comes after the general manager of that U.S.

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Flipkart To Add 70K Hires For India's Festive Shopping Season

PYMNTS

Walmart’s Indian subsidiary, Flipkart , reportedly plans to hire 70,000 new employees and indirectly employ many more in needed delivery work as it gears up for a big boost in online shopping around the religious holiday Diwali. which operated the Best Price wholesale business in India, acquired entirely by Flipkart.