ponto
November 27th, 2006, 08:51 PM
Looks like the little neighborhood stores in India are in for some trouble.
India may soon have stores displaying the Wal-Mart brand despite government rules that prevent foreign companies from operating multi-product retail chains here.
India's booming retail market, estimated at more than $200 billion, is currently dominated by more than 12 million mom-and-pop shops.
I wonder if they have any idea what they are in for when Wal-Mart comes to town.
India may soon have stores displaying the Wal-Mart brand despite government rules that prevent foreign companies from operating multi-product retail chains here.
India's booming retail market, estimated at more than $200 billion, is currently dominated by more than 12 million mom-and-pop shops.
I wonder if they have any idea what they are in for when Wal-Mart comes to town.