World’s largest retailer Walmart Stores Inc. has finally entered the e-commerce business with the acquisition of a one-year old startup Jet.com.
Sanchit Vir Gogia, Chief Futurist, Founder and CEO of Greyhound Knowledge Group, feels that Walmart will take time to move out of the US as its first priority will be to put the deal with Jet on a smooth path. “Walmart has been present in India for the longest time with its sourcing business. It understands the sourcing scenario in India but may not be clued in to consumer behaviour,” Gogia says, adding that being a traditional company, transforming itself into an e-commerce player will take it some time. He believes the company will adopt a wait-and-watch policy, understand how the business pans out, build some internal competencies, and then enter India. “It will require some hand-holding and time to get ready for its ecommerce play in the country,” says Gogia.