Cash and Carry

Bharti Walmart has opened its first store in Amritsar.


The global retail giant and the number one company in the Fortune 500 has officially stamped its presence and intentions.





I was reading about this in today's Eco Times and came across a term to which I was not really familiar.



Cash and Carry.

So I figured its basically a logic where wholesalers buy directly from Manufacturers and sell it at a cheap price at warehouses which are given touches like a mall or Big Bazaar.



They call it CnC cause the customer buys the commodity on the spot, pays on the spot and carries the goods away.



Now I am wondering... is this really going to help... given the Indian diaspora... a big number of people, we have seen a model so far where you put stuff in a basket or a trolley, walk around the store and pay it all at once at a counter.. which may or may not have a long queues.

I am thinking will this CnC business reduce time, result in shorter queues at multiple or will it save a lot of time as payment would me made as and when the customer has picked up his stuff.

And remember.. its CASH.. so no credit cards, no swipes, no signatures on bills which takes time.. but customers will need to carry a whole lot of cash and change in their pockets.

Cash and Carry is gaining momentum in India. Metro is another retail chain who earlier opened a similar outlet.

Lets see how this goes. Facts are they are selling Cereals 2-5 % cheaper, General Merchandise 25 % cheaper.

Cool.

Bhavin