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Flipkart’s GMV exceeds pre-covid levels: Walmart
Bengaluru: US retail giant Walmart on Tuesday said that since reopening of India’s lockdown to curb the covid-19 menace, Flipkart’s gross merchandise value (GMV) has exceeded pre-covid levels.“Flipkart reopened in mid-May and we saw GMV increasing pre-covid levels," said Doug McMillon, Walmart’s president and CEO, as part of the retail giant's second quarter (May-July) earnings call.Walmart follows the February to January period as its financial year.“Walmart International’s net sales were $27.2 billion, a decrease of 6.8%. Changes in currency rates negatively affected net sales by approximately $2.4 billion.