India, May 30 -- Walmart International CEO Kathryn McLay has said that the retail giant's India ecommerce arm, Flipkart, will not prioritise profitability over market share and future growth.
"We're excited about their (Flipkart) growth. We are not so focussed on profitability that we would trade off market share and growth for the future. So, (when) you take the balance of all of that, we will get there (achieve profitability) at the right time," said McLay.
Speaking at brokerage firm Bernstein's 41st Annual Strategic Decisions Conference 2025, McLay also said that Walmart is working on multiple aspects to push Flipkart's profitability, including growing "core ecommerce" and fashion ecommerce marketplace Myntra's business, shoring up q...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.