News: Sandeep Kohli to head Wal Mart India
(NDTV 03/04/2006) Mumbai - Sandeep Kohli, who set up Pizza Hut and KFC in India under the brand Yum Foods, is likely to take charge of Wal Mart's India operations.
He is likely to take over soon because Wal Mart has clearly chalked out its plan for stores in India and is currently scouting for land.
The company plans 12-18 stores in the first 18 months through a local supplier partnership.
These stores at 140,000 sq ft will be smaller in size than the 200,000 sq ft Wal Mart super centres worldwide.
What's also speeding up Wal Mart's plans is the fear that Reliance's retail stores will soon open up. Mukesh Ambani has bagged top talent for his retail plans by making offers people can't refuse.
Changing course
P Jagannath of Target who used to head India sourcing for the American giant has changed course and is now headed for Reliance.
High profile exits are a part of and parcel of India's retail boom but as expansion continues some of the country's upcoming small and listed players could see a setback in their planning.
With attrition rates getting close to 40 per cent, they are now planning strong loyalty programmes.
What's clear is that to create three lakh jobs for a market that is worth $20 billion some permanent solution will soon have to be found to train and retain employees.
He is likely to take over soon because Wal Mart has clearly chalked out its plan for stores in India and is currently scouting for land.
The company plans 12-18 stores in the first 18 months through a local supplier partnership.
These stores at 140,000 sq ft will be smaller in size than the 200,000 sq ft Wal Mart super centres worldwide.
What's also speeding up Wal Mart's plans is the fear that Reliance's retail stores will soon open up. Mukesh Ambani has bagged top talent for his retail plans by making offers people can't refuse.
Changing course
P Jagannath of Target who used to head India sourcing for the American giant has changed course and is now headed for Reliance.
High profile exits are a part of and parcel of India's retail boom but as expansion continues some of the country's upcoming small and listed players could see a setback in their planning.
With attrition rates getting close to 40 per cent, they are now planning strong loyalty programmes.
What's clear is that to create three lakh jobs for a market that is worth $20 billion some permanent solution will soon have to be found to train and retain employees.
posted by InCar Group Press Room at 17:55
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