Walmart is number 1 retailer in India: Study

NEW DELHI: A Euromonitor study has ranked Walmart on top of India’s retail companies, thanks to the US company’s acquisition of Flipkart in 2018 for $16 billion.

Walmart is followed by its US rival Amazon in the list. Homegrown Future Group and Reliance Retail are on the fourth and fifth places, respectively on the report titled ‘Top 100 Retailers in Asia.’ “Many urban households are adopting more modern lifestyles, especially in big cities such as Bangalore, Mumbai, Pune, Delhi and Hyderabad,” the report said. “This behavioural change is impacting retailing in the country. Due to households’ hectic lifestyles and the busy schedules of working adults, most consumers in urban areas prefer to make their monthly purchases from modern grocery retailers instead of traditional grocery retailers.”

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