Amazon and Walmart’s Biggest Indian Rival Finds Out Grocery Is Difficult Business
The entry of Reliance Retail into India's lucrative online grocery market could pose some substantial challenges for Amazon (NASDAQ: AMZN) and Walmart (NYSE: WMT) thanks to its ability to quickly scale up its reach. But it looks like JioMart -- Reliance Retail's online grocery venture -- is already running into challenges that come with scaling up quickly.
This could be bad news for JioMart's future in India's huge consumer discretionary space and help the American retailers bolster their already strong positions in that market.
Image source: Getty Images.
Source Fool.com
