Flipkart Focussing On Market Share Over Profits:Walmart Int’l CEO

Flipkart Prioritizes Market Share Over Profits, Says Walmart International CEO

Walmart International is approaching Flipkart's expansion cautiously, giving market share and long-term potential precedence above immediate financial gain.Kathryn McLay, president and CEO of Walmart International, stated during the 41st annual strategic decisions conference hosted by Bernstein that the company is dedicated to growing Flipkart in a sustainable manner instead of aiming for quick profits.Walmart International is thrilled with thei…

Flipkart Focussing On Market Share Over Profits:Walmart Int’l CEO

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.  S…