INDIA: Wal-Mart expands e-commerce operations
Retail giant Wal-Mart is expanding its technology centre in India and has hired a former Oracle executive to head up the operations.
A spokesperson for Wal-Mart told just-style the group is building an internet technology company as an extension of its @WalmartLabs India, set up in Bangalore in 2012. The move forms part of Wal-Mart's global push to strengthen its e-commerce business.
K Jaya Kumar will also be joining as vice president and managing director for Wal-Mart Global Technology Services (GTS), India. He joins with over two decades of experience in the hi-tech space with companies such as Ariba, Walt Disney, Oracle and Wipro Infotech.
"The team we've been building includes some of the best technolgists in the world," the spokesperson said. "We've hired nearly 1,000 people in Silicon Valley in the past 12 months, and we've made 13 acquisitions over the past three years."
To accommodate Wal-Mart's growing team and the growth of its e-commerce business, it is expanding to a building next door, an additional 50,000 sq ft facility. The Touchstone building will accommodate 350 associates and is expected be ready next month, though a move-in date has not yet been decided.
With its cheaper labour and resources, East Africa has already attracted foreign investment, particularly from Asia - as well as business from major international fashion brands and retailers....
Project Synopsis: MarketLine's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity unde...
Abstract About Children’s and Infant Wear Children's wear refers to clothing for children aged between 0 months to 10 years. It includes apparel such as outerwear, underwear, nightwear, socks and t...
In order to offset weak growth in North America and Western Europe, multinational apparel chains have been flocking to Mexico since 2012. Inditex, Industria de Diseño Textil SA, the world’s second lar...
Global Online Retail industry profile provides top-line qualitative and quantitative summary information including: market size (value 2008-12, and forecast to 2017). The profile also contains descrip...
- Supply chain weighs on Kering's green footprint
- What Marks & Spencer's numbers mean for clothing
- Software solutions enhance speed and visibility
- Tanzania adds to Africa’s apparel sourcing mix
- Where next for 3D design and prototyping?
- Gap brand sales continue to fall short
- American Eagle Outfitters Q1 earnings soar
- Q1 results in brief: Foot Locker, Hibbett
- Call for probe into Philippines factory fire
- AGOA delays drag on sourcing decisions