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Read: "Why Wal-Mart's First India Store Isn't A Wal-Mart...
...Workers at McDonald's and Wal-Mart are not paid well. Waiting on people in a big-box retail outfit or cooking and serving fast food will never pay well. The jobs don't require any special skills and so they do not come with a premium wage. Wal-Mart does employ 2 million people, which is a lot of individuals to keep on a payroll during a recession. McDonald's has 400,000. Neither place has announced significant layoffs and neither is likely to. (Read: "The Burger That Conquered the Country...
After years of controversy and opposition from local retailers, Wal-Mart this month is poised to open its first store in India, launching an expansion that will include 10 more big-box outlets in the potentially vast Indian market over the next two years...
...Indian consumers won't be able to partake of Wal-Mart's everyday low prices. India's restrictive commercial laws prohibit most foreign companies from setting up shop to compete with domestic retailers. So Wal-Mart's debut outlet, which will open in the city of Amritsar in northern India later this month, is a wholesale-only operation that will sell mainly to vegetable vendors, hospitals, hotels, restaurants and other companies. The Amritsar outlet won't even carry the familiar Wal-Mart brand. To deflect the attention of politicians and activists who oppose the entry of foreign multi-brand retailers...
...Despite the stealth approach, industry experts expect Wal-Mart, known for squeezing efficiencies out of suppliers and supply chains, to have an impact on India's $375 billion retail market, which is dominated by mom-and-pop businesses and outmoded distribution networks. "We can learn the science of retailing, how to build scale and efficiencies," says Kishore Biyani, chairman of Pantaloon Retail, India's largest homegrown retailer with 114 hypermarkets...