Wal-Mart likley to opt for neighbourhood stores

Some very interesting news today, it seems that Wal-Mart is likely to opt for neighbourhood formas in India. The company has large format hypermarkets and supermarkets across the world but is considering smaller formats in India due to consumer's preference for small neighbourhood stores. The Economic Times reports that:

"We expect Wal-Mart and Bharti to explore the neighbourhood market concept because groceries are one of the largest retail categories with the least organised retail competition in India," a former Wal-Mart adviser and US-based global retail investment firm Growth Ventures Group's Chairman and CEO Love Goel told media.