Iyer Wood Products to Buy From Walmart: Walmart To Sell Home Goods from Home
Iyer, a subsidiary of Iyer Logistics, said it plans to buy some home goods from Walmart and then sell them to retailers across the country through its online marketplace, WalmartShop.com.
Iyer has been a popular retailer of home goods for years, but this is the first time it is investing in the home goods business.
Iker will also sell home goods directly to Walmart customers.
Iyer said Walmart is “a very large consumer of homes,” but it plans on using its retail business to “provide quality home goods and services.”
It also said it expects to offer a wide range of products from furniture to electrical appliances and home accessories.
Walmart said the deal is expected to close in December, and the deal will be subject to regulatory approval.