Walmart India Private Limited is a wholly owned subsidiary of Wal-Mart Stores Inc. Walmart India owns and operates 20 Best Price Modern Wholesale stores in 8 states across India. The first store opened in Amritsar in 2009.
The Best Price stores offer best prices with unmatched convenience, choice, quality and hygiene. The mission of Best Price is to “Enable small businesses to prosper.” To enter and purchase from Best Price stores, it is mandatory to become a member.
The Best Price stores offer an assortment of around 5,000 items, including food and non-food items, which are available at competitive wholesale prices, allowing retailers and business owners to lower their cost of operations and maximize their revenues. A typical Best Price store is about 50,000 square feet and sells a wide range of fresh, frozen and chilled food, fruits and vegetables, dry groceries, personal and home care, hotel and restaurant supplies, clothing, office supplies and other general merchandise items.Over 90-95% of these products are sourced locally. This helps to keep costs to a minimum, adds to the growth of local economy and creates job opportunities. Enhanced job opportunities are also created locally as the store directly employs from the local community.
President & CEO: Krish Iyer
Cashew value chain
Our cashew value chain initiative, conducted in collabration with CARE, aims to provide sustainable economic opportunity for 1,250 women in two coastal districts of Tamil Nadu. Three processing centers and eight satellite centers are located in the villages to reduce commute time and facilitate strong participation. This initiative has provided opportunities for vulnerable women to improve literacy and math skills, while increasing their income.
Food throwaway reduction
In 2012, our Best Price stores lowered their food throwaway rate to 2.33%, a reduction of 16.5% over the prior year.
The following were key drivers in this initiative:
- More locally grown produce
- Direct import of apples, pears and kiwi
- Proper indenting to reduce dump
- Focus on frozen meat to reduce processing dump of fresh
- Higher-grade items for longer shelf life and quality
Plastic bag reduction
In an effort to phase out plastic shopping bags, our Best Price stores introduced reusable, nonwoven bags and reusable High Density Poly Ethylene (HDPE) bags in 2012. These two options alone have reduced use of traditional plastic shopping bags in our stores by more than 90%.
Store associate development
In order to provide all associates equal opportunity, we’ve launched various programs, including Education at Work, Women in Leadership and Associate Development Maps.
- Nearly 4,000 associates have completed our trainings
- Associate Development Maps clearly chart career paths for associates.
- We offer regular refreshers and role-based training.
- In 2012, more than 400 store associates enrolled in English or computer education classes.
- Training Roadmaps have been developed for every associate in an attempt to identify development needs.
Talent management for women
We realize and understand the advantages of employing and promoting women, especially since the majority of our customers are women. We're currently developing nearly 100 female associates for management roles and are committed to growing a diverse talent pool across India.