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Wal-Mart Signs Venture to Enter India's Wholesale Market
NEW DELHI, India -- Bentonville, Ark.-based Wal-Mart Stores, Inc. has finally found a way into the Indian wholesale market. The global retailer yesterday signed a pact with Bharti Enterprises Ltd. here to create a joint venture that allows it to supply goods -- including groceries -- to smaller retailers, manufacturers, and farmers. -
Premiumization of Pet to Drive $15 Billion in Nonfood Sales by 2011: Study
NEW YORK -- The financial strengths and emotional strings of pet owners stand to grow the non-food pet supplies market from $9.9 billion in 2006 to nearly $15 billion by 2011, according to a new study by market research firm Packaged Facts.