Earlier traders wanted central government to scrap the Flipkart-Walmart deal claiming that traditional neighbourhood shops will lose their business.
Unhappy with the Walmart-Flipkart deal, traders' body CAIT has called a Bharat Bandh on September 28. Walmart Inc on Saturday announced that it has completed the $16-billion deal with Flipkart to become the largest shareholder in the Indian e-commerce firm. However, traders across the nations are not happy. CAIT Secretary General Praveen Khandelwal said the deal has "violated Press Note No 3 of 2016 of Government and is a combination with a sinister design to control and dominate the retail trade through the passage of e-commerce".
He claimed that it will create an uneven level playing field and will wipe out the competition due to their business module, which entails predatory pricing, deep discounting and loss funding.
In a statement, the Confederation of All India Traders (CAIT) also said it will launch a nation-wide Rath Yatra on September 15 against the deal.
The traders' body will also hold a mega rally here on December 16 to protest "discriminatory treatment against traders".
The decisions were taken on Sunday at the annual general meeting of CAIT held at Nagpur which was attended by over 200 prominent trade leaders across the country.
"The markets across the country will remain closed on 28 September while observing Bharat Trade Bandh and traders will take out protest march in their respective cities across the Country," CAIT said.
Earlier traders wanted central government to scrap the Flipkart-Walmart deal claiming that traditional neighbourhood shops will lose their business. They also submitted a memorandum to the district collector, seeking an intervention by central government.
“This is nothing but a backdoor entry for Walmart into the retail market of India. It is well proven that they indulge in predatory practices to eliminate competition and then raise the prices of their products,” Pramod Bhagat, state president for CAIT in Gujarat had earlier said.
Meanwhile, Walmart reported much higher second-quarter sales and robust growth in its e-commerce businesses, even as it reported a loss on one-time costs associated with selling a Walmart Brazil stake.
The world's biggest retailer scored its most robust jump in more than 10 years in US comparable store sales, sending shares sharply higher. But it reported an $861 million loss following pre-tax costs of $4.8 billion on the Brazil sales.
Walmart raised its financial outlook for the year after beating Wall Street's expectations for its fiscal second quarter and seeing the strongest growth in more than a decade in sales at established stores.
The report is strong evidence that Walmart's efforts to improve the experience shoppers have at its stores and expand its online services, particularly in grocery, are helping bring people to its websites and stores. Like many other retailers, Walmart is also benefiting from a stronger job market and rising confidence.
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 "Walmart-Flipkart deal: Traders to go on nationwide strike, here's why")
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