π Walmart expects Flipkart's shift to hurt Q3 sales
Walmart anticipates a significant dip in its third-quarter sales performance. This expected downturn is linked to the shift of Big Billion Days sales activities by Flipkart. The company projects a hit exceeding 100 basis points in the upcoming quarter. This adjustment reflects changes in the competitive landscape within the Indian e-commerce sector. Walmart is now recalibrating its sales forecasts based on these market dynamics.