Walmart Joint Venture

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Introduction
In 2006, Walmart started talks with India-based Bharti Enterprises to enter the Indian business sector as India's strict business laws did not allow foreign companies to enter the Indian retail sector. They set up a joint venture called Bharti Walmart Private Limited in 2007, with the goal of doing wholesale business, through Best Price Modern Wholesale stores. It was chosen that while Walmart would work towards back-end cash and carry supply chain for the wholesale operations of Bharti Walmart; it would likewise give ability including innovation, inventory network, logistics and administration backing to the retail locations, Easyday, which will be run an entirely possessed backup of Bharti Enterprises named Bharti Retail
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With its entrepreneurial soul and eagerness to endeavor business augments that are transformational in nature, Bharti has made world-class associations in telecom, security, retail, and sustenances.
Over the span of late years, Bharti has expanded into creating business areas in the speedy developing Indian economy. The social event offers – extra security and general protection to customers transversely over India. The social occasion has creating interests in various zones, for instance, versatile web, land, preparing and limit building, and conveyance of telecom/IT items
Through its overall telecom operations they group works under the "Airtel" brand in 20 countries over Asia and Africa– India, Sri Lanka, Bangladesh, Democratic Republic of Congo, Gabon, Ghana, Kenya, Seychelles, Tanzania, Uganda, Burkina Faso, Chad, Congo Brazzaville, Madagascar, Malawi, Niger, Nigeria, Rwanda, Sierra, Leone and Zambia. Besides, assembling in like manner has versatile operations in Jersey and
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Walmart collects its receivables within 4.5days and Target by 5.6days. The inventory turnover ratio when comparing with the entire sector the two firms have low turnovers. It takes nearly 45 days for Walmart for turning its inventory and Target takes 60days and sector takes nearly 33 days. The Asset turnover of Walmart is compared higher than Target and the sector. (Exhibit I)

Costco Wholesale Corporation- It is an US membership-only warehouse club that provides a wide selection of merchandise. It is currently the largest membership-only warehouse club in US. From the reports of 2014 Costco was the third largest retailer in US and by 2015 reports it was second largest in world the first was Walmart.
The company has ranked at the top in retail industry in the American Customer Satisfaction Index in all the years since 2001, and it continuously beats Wal-Mart(Exhibit II). For 2015 Costco has scored in customer satisfaction 81, which is higher than the score 76 in customer satisfaction received by Wal-Mart's warehouse retail division Sam's
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