NEW DELHI, India — When Wal-Mart Stores, Bentonville, Ark., begins opening its joint-venture stores in Punjab, India, later this year, they will be cash-and-carry wholesale membership stores for businesses only and will operate under the name BestPrice Modern Wholesale, according to Bharti Wal-Mart Private Ltd., the joint-venture company here.
The company said it expects to open between 10 and 15 cash-and-carry stores over the next seven years. Stores will be 50,000 to 100,000 square feet and will offer between 6,000 and 10,000 SKUs encompassing groceries, clothing, footwear and other general merchandise for restaurant owners, hotel operators, caterers, fruit and vegetable resellers, other retail stores, offices and institutions. Each store will employ more than 170 people, the company said.
Bharti Wal-Mart said it has already opened a distribution center in Punjab, and additional DCs — each catering to facilities within a 60- to 100-mile radius — are expected to follow, serving both cash-and-carry stores and Bharti Retail’s Easy Day stores.
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