Flipkart’s ‘Big Billion Days’ gave Walmart some cheer, and $30 bn in sales

Walmart International, the segment which consists of the retail giant’s operations outside the US, including retail websites, reported solid sales growth in the quarter which was led by the inclusion of Flipkart as well as strength in China and Mexico. Walmart International on Thursday posted net sales of $29.2 billion, an increase of 1.3 per cent. Excluding currency, net sales were $30.2 billion, an increase of 4.8 per cent.

The Bentonville-based company (in Arkansas) is locked in a battle with US rival Amazon for dominance in India’s online retail market through Flipkart, which it acquired for $16 billion last year in May.