India’s largest online market

Walmart is also planning to kick off an online shopping campaign in India in January. The Indian retail giant has yet to officially launch a website for Walmart.com, but has begun sending e-mails to interested consumers, offering them a chance to shop via their local Walmart stores. Walmart launched its first dedicated online shopping portal, Jetblack, in India last year. Walmart is also in the midst of opening a massive new online marketplace in India called Walmart.com, which will be the exclusive online partner for Wal-Mart’s “Prime Offers” store. India’s online retail market is expected to grow at an average annual rate of 15 percent in the next five years. As of December 2016, it was about 8 percent of India’s retail sales. “We are bringing a new digital experience to India and will be an omni-channel retailer, as we did in the US,” Jain said. Walmart has been treading a cautious path in India ever since it pulled out of the country in 2001 after a major internal upheaval and a series of internal allegations of unethical corporate behavior. Wal-Mart has since rebuilt its brand and business in the country, focusing largely on the north. Walmart has built out a brick-and-mortar presence in India, opening a string of stores and warehouses. It has also struck deals to buy offline retailers for hundreds of stores, including the leading Indian retailer, Bharti Retail. Walmart also offers its online retail rival Amazon.com (AMZN) a run for its money in India, according to industry experts. That’s despite Amazon’s huge financial and e-commerce presence across the globe. Walmart has battled Amazon in the US and the UK. The two retailers continue to go head to head in India, competing on price and other services. For its part, Amazon continues to invest heavily in India and its e-commerce market. Walmart’s move to make India its online retailing hub comes as a reversal of its strategy in the country. Wal-Mart previously targeted the country as a low-cost location in which to sell its store-brand food products to the country’s growing middle-class. But India’s retail market has grown increasingly competitive. And Walmart, long the world’s largest retailer, has struggled to compete. Wal-Mart has faced declining sales and customer counts in India. Wal-Mart has admitted that its efforts to build a grocery business in India are disappointing. Shares of Wal-Mart jumped more than 3 percent in early trading after the India announcement. “It was a long road for us to get here, and we will now work with the government to open more stores and to deliver better quality services,” Jain said in a statement. “India’s a big market with great opportunities for retailers, and we have only just begun here.” Virtual reality 101: CNET tells you everything you need to know about VR. Special Reports: CNET’s in-depth features in one place. Star Wars at 40: Join us in celebrating the many ways the Force-filled sci-fi saga has impacted our lives. Views from the Middle: Another view of Middle Eastern politics. Follow the Money: This is how digital cash is changing the way we save, shop and work. Comments CNET Online Nicole Lee Twitter | Facebook | Google+ Comments Read the original article on Business Insider. Copyright 2017. Follow Business Insider on Twitter. | See Also: Photos: We visited Walmart’s online India store last year Read next: 5 of the biggest takeaways from Walmart’s Indian e-commerce launch Read next: Snapchat may be the most popular smartphone app in China Getty Images Read next: Walmart tries to capture the holiday spirit of giving by giving cash back Read also: Facebook is advertising on Google and it’s a huge blunder Star Wars at 40: Join us in celebrating the many ways the Force-filled sci-fi saga has impacted our lives. Special Reports: CNET’s in-depth features in one place. Read next: As online retail giant Amazon steps up competition with Walmart, what are the risks and rewards? Views from the Middle: Another view of Middle Eastern politics. Fashion/Apparel/Gifts Feb 26, 2015, 11:27 AM ET By Nic Robertson Luxury department store Harvey Nichols will be selling Apple’s smartwatch and other tech accessories for $1,300 for a limited time this holiday season. Harvey Nichols The high-end department store will feature a small range of tech accessories for the Apple Watch from 8-25 December in one of its stores and online, according to The Daily Telegraph. It marks a shift away from luxury goods to tech, which has proved successful for high-end department stores around the world, like Harrods. The department store’s assistant store manager Tony Bowman told the paper that the department will likely sell out of the Apple Watch and other gadgets. “This will be our first Apple product range to sell over the Christmas season,” Bowman said. “When the department store carries Apple products it makes sense to carry a limited range of high-end watches as well as smartwatches.”

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