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Report: Wal-Mart to open 40-50 wholesale stores, launch e-commerce in India
Bentonville, Ark. – Wal-Mart Stores Inc. reportedly plans to open an additional 40 to 50 wholesale cash-and-carry stores in India during the next four years and also launch an Indian e-commerce operation. According to the Wall Street Journal, Wal-Mart will begin e-commerce sales in India during summer 2014 with one wholesale store offering goods online and delivering them for pickup at other local retailers up to about 25 miles away.
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Rakuten.com launches new rewards card
Rakuten has teamed up with First Bankcard to launch the Rakuten Rewards MasterCard Program, which provides cardholders with reward points for using their credit card to shop on Rakuten.com and elsewhere.
Rakuten.com, formerly Buy.com, is Rakuten's U.S. marketplace, offering consumers more than 17 million products at everyday low prices from a network of small and large business shop owners.