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Reliance Fresh started the quarter with 329 stores and opened an additional 112 stores to end the quarter with 441 stores in over 45 towns and cities. As on date there are 453 Reliance Fresh stores operational across India. Reliance Digital launched 2 additional stores in Bangalore and Navi Mumbai respectively bringing the total Reliance Digital stores to 3 more..................
Reliance Industries on Sunday launched its first retail format called Reliance Fresh in Hyderabad. Spread over 2,000-5,000 sq ft, 11 such Reliance Fresh neighbourhood convenience stores will come up in the city beginning November 3.
These stores will sell fresh fruit and vegetables besides staples (dal, atta, rice) as well the company’s in-house brand, Reliance Select.
RIL is targeting not only the households but also streetside vegetable sellers. According to sources, RIL is setting up Ranger Farms — outlets that will specifically service streetside vegetable sellers who can stock up on fresh farm produce.
The Ranger outlets will open at 2 a.m. and continue selling produce to vendors till 9 a.m. The Ranger format is something in the lines of German major Metro Cash & Carry’s operations in India. But while Metro targets larger retailers such as restaurant chains and bulk consumers, RIL is expected to forge a relationship with streetside vegetable sellers through the Ranger concept. It is not yet clear whether separate outlets will be opened for Ranger Farm or the existing Fresh outlets will function as Farms by the night.
Guninder Kapoor, president and CEO of Food Business at RIL, says the Fresh stores at Hyderabad are part of a pilot project. “This is a pilot project which will help us understand customer needs. The pilot for this format will be taken to many other cities over the next few months.”
Next on the company’s list are bigger cities, including Delhi and Mumbai.
RIL has already said that it will invest close to Rs 25,000 crore over the next five years in the retail business. The company plans to establish 4,000 retail outlets across various formats by then, and is eyeing sales of Rs 1,00,000 crore over the five-year period from the retail business.
Besides Reliance Fresh, the company also plans to launch larger format stores called “Feel Fresh Plus” which will be spread over 10,000-15,000 sq ft. The Fresh Plus stores will stock fruit and vegetables as well as apparel, consumer electronics, FMCG items and even medicines.
From Hyderabad, these stores will travel to Mumbai and Delhi where Reliance has identified up to 80 locations each.
But even as the retail debut kicks off with fruit and vegetables, it seems the company is doing a rethink on whether to get into the larger formats such as hypermarkets and
supermarkets. These two formats require over 1 lakh sq ft of space and may not come up at prime city locations. Instead, Reliance is contemplating tapping alterative sites such as the SEZs for opening hypermarkets.
The retail rush
11 Reliance Fresh neighbourhood convenience stores will be launched first in Hyderabad
These stores will be set up soon in Mumbai and Delhi where Reliance has identified up to 80 locations each
RIL is also setting up Ranger Farms — outlets that will specifically service vegetable vendors
Ranger outlets will open at 2 a.m. and continue selling produce to vendors till 9 a.m.
Company plans to establish 4,000 retail outlets across various formats in the country
FEB. 1 2008 In an event devoid of its characteristic pomp, Reliance Retail on Wednesday opened its second retail outlet Reliance Mart in Jamnagar
The Jamnagar outlet is spread over 83,000 sq feet and after the second phase, the total area will be close to 3 lakh square feet, almost double of its Ahmedabad stores which has come up over 1.65 lakh square feet.
The company is keen to take faster strides in the growing retail sector in Gujarat by opening numerous hyper marts including one in the IPCL campus at Vadodara. In the first phase, only the shopping floor has been opened, while the other two floors are still under construction.
In future, Reliance Mart will have more than one lakh product range. “Currently we have 10,000-12,000 employees from Reliance and the staff strength will touch the 35,000 level once the new refinery is complete. We also expect big footfalls from the employees of the Essar township who live just five kilometre away from our hyper-market,”
“Apart from the Reliance employees, the location of the mart at the national highway will attract traffic that goes towards Dwarka and other adjacent places,”
Reliance Retail for JV with Pearle Europe for optical business
Reliance Retail Limited (RRL) announced the signing of a Joint Venture with Pearle Europe for the launch of a chain of Optical stores in India.
This chain will comprise of independent stores, and stores within Reliance Retail formats such as Hypermart, Super and Wellness stores.
This Joint venture will bring world class retail Optical stores to India, with a range of private label frames, lenses, sunglasses
Reliance Retail today ushered in a new retail culture in the National Capital Region by opening nine western-style food stores as it hoped to become the preferred supplier of push-cart vendors and kirana stores. The launch of nine ‘Reliance Fresh’ stores in Noida, Greater Noida, Gurgaon, Ghaziabad and Faridabad took the number of such outlets that sell fruits, vegetables, groceries and dairy products to 49 in the country with an investment of close to Rs 3,000 crores FOR MORE INFORMATION contact or write us:
New Delhi, India, January 30, 2007 - With over 40 Reliance Fresh stores already launched in Chennai, Hyderabad and Jaipur, Reliance Retail began its assault of the National Capital Region market with the recent opening of nine new stores in Ghaziabad, Noida, Faridabad and Gurgaon.
The company is targeting to open 100 more Reliance Fresh stores in New Delhi alone within four months, and a 1,000 new stores in 35 cities nationwide by the end of the year with a built-up area of over 4 million sq.ft. An investment of Rs.8,000 crore is envisaged for the NCR region alone.
Reliance Fresh stocks fresh fruits and vegetables, staples, fast moving consumer goods and dairy products. The stores are already selling over 1,000 tonnes of fresh produce daily and also 250 categories of commodities. The company is approaching farmers directly for the procurement of produce, seeking to reduce the 40% wastage that occurs through the traditional supply chain.
Reliance is looking to put its readymade garments on sale through recognized retail giants. Reportedly, Company was forced to take this move since the launch of its malls has been delayed. Reliance has also approached retail chain Loot for the same purpose. When contacted by Fibre2fashion, Loot MD Jay Gupta, said, “Reliance had stock to be dispatched, so they did organize talks with us. However, since Loot deals with International brands, there was no opportunity to finalize any deal.” Relevant sources from Reliance, requesting anonymity, informed that the opening of ISKCON Mall, scheduled for May this year, had been postponed to August 2007. Once this is done, Company has planned to launch 20-25 similar supermarkets in Gujarat. Official said, “Though these retail outlets are competitors for Reliance, selling garments through them will help not only clear out stocks but also attract consumers.”
over 50 million sq ft via franchise as well as direct routes. RelianceMart, which is targeting returns of $23 billion by March 2011, will begin writing its success story with the opening of its first hypermarket in Ahmedabad on August 15, when India celebrates the 60th anniversary of its independence. This will be followed by two more hypermarkets in Jamna Reliance India Ltd launched its much awaited format and largest hypermarket under the brand name RelianceMart at ISKON Mall, SG Highway, Ahmedabad, which will be open to public on 15 August
Reliance is gearing up to revolutionize the retailing industry in India. Towards this end, reliance is aggressively working on introducing a pan-India network of retail outlets in multiple formats. A world class shopping environment, state of art technology, a seamless supply chain infrastructure, a host of unique value-added services and above all, unmatched customer experience, is what this initiative is all about.
The retail initiative of Reliance will be without a parallel in size and spread and make India proud. Ensuring better returns to Indian farmers and manufacturers and greater value for the Indian consumer, both in quality and quantity, will be an integral feature of this project. By creating value at all levels, reliance will actively endeavor to contribute to India's growth.
The project will boast of a seamless supply chain infrastructure, unprecedented even by world standards. Through multiple formats and a wide range of categories, Reliance is aiming to touch almost every Indian customer and supplier
Reliance eyes retail JV with Marks & Spencer
Reliance Industries chairman Mukesh Ambani’s deal-making spree to get the best domain expertise in the retail sector is poised for the big one now. Reliance Retail (RRL), is locked in ‘substantial’ discussions to float an equal joint venture with iconic UK fashion retailer Marks & Spencer (M&S) for apparel, gourmet food and cafes, multiple sources said.
The deal, slated to be clinched in the next three weeks, would see the UK retailer bringing in new formats like food and cafes into India. M&S’ core business — apparel and lingerie — is already operational in the country. According to a source close to the deal, the gourmet food format is likely to be integrated with Reliance Fresh “wherever possible,” (upmarket localities) as a shop-in-shop format. This would help M&S get immediate scale in food business. There are 491 Reliance Fresh stores that sell food, FMCG and fruits and vegetables and this figure is likely to touch 1,400 by the end of next fiscal.
“The implications of this particular JV are much deeper. It’s much more holistic in nature and therefore taking long to seal,” the source added. The $16-billion M&S, operating in the country through a franchisee arrangement with Planet Retail since 2001, is in the midst of charting a new India strategy aimed at accelerating expansion in the domestic market. It recently slashed prices by 20% to attract more footfalls in the stores and taking prime space in malls to open more stores.
Reliance Retail eyes franchisee route to ramp up business : In a bid to rapidly build up scale, Reliance Retail now plans to take the franchisee route. Faced with skyrocketing real estate costs and delays in retail space acquisition, the company has now decided to co-opt existing small retailers in its expansion plan in all formats other than Reliance Fresh and Reliance Hypermarket.
“We will have franchisees in every format, except hypermarket and Reliance Fresh,” Reliance Retail Lifestyle CEO Bijou Kurien told , adding that franchisees would comprise a significant portion of the total number of stores Reliance Retail plans to have.
The franchisee stores could be close to half the total numbers. Reliance Retail today operates in several verticals, including hypermarket, food and grocery, apparel, footwear, health and wellness, jewellery and electronics. “We would capitalise on the traditional retailers’ capabilities,” Mr Kurien said.
Reliance Foundation launched their first school in Navi Mumbai . The 8-storey school complex of Reliance Foundation School is set up at Koparkhairane, sector 14, and follows the CBSE curriculum
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Ambani siblings Isha & Akash inducted in board of Reliance Jio & Reliance Retail
India's largest private sector company Reliance Industries Limited has appointed Isha Ambani and Akash Ambani, twin daughter and son of group chief Mukesh Ambani, as directors on the board of the group's telecom arm Reliance Jio Infocomm Ltd and retail venture Reliance Retail Ltd, as per a press release.
This marks a formal induction of the next generation of Ambani family into the group's businesses.
Billionaire industrialist Mukesh Ambani has three children – Isha and Akash besides Anant, who is pursuing studies in the US.
Isha graduated from Yale University with double majors in psychology and South Asian studies in 2013 and worked with global consultancy firm McKinsey in US as a business analyst briefly.
On the other hand, Akash graduated from Brown University with major in economics and has been closely involved in the development of products and digital applications in the group's telecom venture, which is yet to launch services in the country.
Meanwhile, the board of Reliance Retail has also appointed Adil Zainulbhai as an independent director. Dipak Jain is already an independent director on the Board of Reliance Retail, the statement said. Zainulbhai, former chairman of McKinsey India, and Jain are also independent directors on the board of Reliance Jio Infocomm.
Reliance Jio bought 4G airwaves in 2010 in an auction by the government, but is yet to launch the services. The company is also the first telecom operator to hold a pan-India unified licence that authorises the company to provide all telecommunication services other than satellite telephony.
Reliance Jio is launching 4G services. The company recently signed a master services agreement for tower sharing with Indus Towers, which is the largest tower company in the world, is a joint venture company of Bharti Group, Aditya Birla Group and Vodafone Group. Previously, it inked pact with GTL Infra for more than 27,800 towers across India, and also with Viom Networks for its 42,000 towers.
Five years after halting expansion in the neighbourhood supermarket space, Mukesh Ambani led Reliance Retail (RRL), India's largest retailer, is once again opening new store more..............
Reliance Fresh opens six more retail stores in AP
The Reliance Fresh retail rush is on. The company opened six more stores at Saket, Dilsukhnagar, Bowenpally, Vengalraonagar, Miyapur and Uppal, taking the total to 17 in the city. According to company sources, "It is an ongoing process and only six more stores have been opened. But when we reach a substantial figure, we will definitely come out in a big way."
The sources said that the 17 stores put together have been averaging around Rs 15-16 lakh daily and around 800-1,200 footfalls daily.
The six stores with a size of 2,500-4,000 sq ft each made around Rs 6.5 lakh in the first one week, he added. In the first phase, the company opened 11 pilot stores on November 3, offering fresh vegetables, fruits, flowers and grocery items. It plans to touch a figure of 40 stores in the twin cities in the coming days.
VISAKHAPATNAM : Reliance Retail Ltd., on Monday opened its first set of three pilot stores in the steel---port city at China Waltair, Murali Nagar and MVP Colony.
Talking to media persons at the China Waltair store on the occasion, its' customer operations head, K.S. Venugopal, said Reliance Fresh would carry fresh fruits and vegetables, staples, top-up grocery, non-food items and dairy products and a whole lot of other categories at very competitive prices. All the stores opened in the city have an average area of about 1,800 sqft and an average of about 20 sales associates attending to customers in each store open from 8 a.m. to 9 p.m. on all seven days of the week.
"I am glad we are opening about 40 stores in Andhra Pradesh alone by this March end. By June, we hope to open between 75 and 100 stores in the State on the Fresh format. There are 21 stores in Hyderabad, and seven in Vijayawada and Guntur bringing the total to 56 excluding the three opened here," he said.
Replying to questions, Mr. Venugopal said all the stores there were roughly 200 varieties of fruits and vegetables at the stores . The stock value would be to the tune of Rs.25 lakhs on the average. Apart from the fresh vegetable and fruits procured within 50 km. of the stores, there were also many varieties from elsewhere in the State and country and imported apples from the US, grapes from California, and other parts of the world, he said.
On the forenoon of the inaugural day, the sales were to the tune of Rs.2 lakhs in all three stores, chief manager (Corporate Communications) of the company Sreenath N.C. said. The vegetables and fruits at China Waltair stores were fresh and inviting and some were priced less than city market rates. A striking example is Bangalore black grapes that were sold at Rs.19 a kg. The seedless black grapes were sold at Rs.42 a kg.
And vegetables too were at highly competitive rates, with onions sold at 50p less than open market rates at Rs.15.50 a kg. for a quality variety. Cabbage was priced Rs.6.90, cauliflower at Rs.6.75, cu-ber Rs.8.90, beetroot Rs.9.90, yam (kanda) Rs.8.90, carrot Rs.10.50, green chillies Rs.15 and ash gourd Rs.7.70 for a kg. There are also quite a few varieties of the same vegetable - like in the case of brinjal long priced Rs.12.50, brinjal giant black Rs.25, brinjal purple Rs.12.50 a kg. And, baby (small round ones) potato is sold at Rs.7, potato economy Rs.5.50 and potato premium at Rs.6.50 a kg.
Reliance Fresh is the retail chain division of Reliance Industries of India which is headed by Mukesh Ambani. Reliance has entered into this segment by opening new retail stores at Hyderabad on 3 November 2006. Reliance plans to invest 25000 crores in the next 4 years in their retail division and plans to begin retail stores in 784 cities across India.
Walmart, Future Group, Reliance Retail and Aditya Birla Group explore options in truncated Andhra Pradesh
Several large global and domestic retailers including Wal-Mart Stores, Future Group, Reliance Retail and Aditya Birla Group have begun exploring business opportunities in the cities and towns of the truncated Andhra Pradesh state. more.....................
Reliance Fresh recently (24th Jan, 2007) opened 12 "Fresh" outlets in Chennai increasing its total store count to 40. Reliance is still testing its retail concepts by controlled entry beginning in the southern states.
The company is planning on opening up 6 stores in Bangalore by the middle of February (2006) and an additional 7 stores by the end of February. The store’s size would vary from 1,500 sq ft to 3,000 sq ft, which will stock fresh fruits and vegetables, staples, FMCG products and dairy products. Each store is said to be within a radius of 1-2 km of each other, in relation to the concept of a neighbour store. However, this is only the entry roll-out that the company has planned. Bangalore is said to have 40 stores in all by the end of the year.
Reliance Retail launches ‘Reliance Super’ in Amritsar
RELIANCE RETAIL Ltd has launched a new format Reliance Super at Suraj Chand Tara Cinema, Ground Floor, Plot Number - Two, City Centre, Amritsar. After the successful launch of the various formats such as Reliance Fresh, Reliance Mart, Reliance Digital, Reliance Trendz, Reliance Footprint, Reliance Wellness, Reliance Jewels and Reliance Timeout, this is the ninth format of stores from Reliance Retail launched in India.
Reliance Retail is unshaken and has decided to launch a new format under the brand name ‘Reliance Super’ that will provide virtually all kinds of services, including consumer goods, healthcare products, groceries, footwear and readymade clothes under one roof. The company has already opened its first Reliance Super store in Amritsar this month and has plans to go to other cities. more..............
Reliance Super in Haryana
Reliance Retail Ltd. announced the launch of its second Minimart “Reliance Super” at LG-01, DT Mega Mall, DLF City, Gurgaon – 122002 Haryana today. After the successful launch of the various formats - Reliance Fresh, Reliance Mart, Reliance Digital, Reliance Trendz, Reliance I store Reliance Footprint, Reliance Wellness, Reliance Jewels and Reliance Timeout, this is the tenth format of stores from Reliance Retail to be launched in India. Spread across 13,500 square feet of shopping area, Reliance Super will provide shoppers a never before experienced shopping delight. The Mini mart will carry a range of 10,000 products catering to the entire family. Shoppers will have the option to choose from a wide array of products in every category ranging from Fresh Produce, Food & Grocery, Home Care Products, Apparel and Accessories, Non-food FMCG products, Consumer Durables and IT, Automotive Accessories, Lifestyle Product, Footwear and health and wellness products. more..................
Reliance Industries Limited
Reliance Industries Limited (RIL) is India's largest private sector company on all major financial parameters with turnover of Rs1,18,354 crore (US$ 27.23 billion), cash profit of Rs17,678 crore (US$ 4.07 billion), net profit of Rs11,943 crore (US$ 2.75 billion) and net worth of Rs63, 967 crore (US$ 14.72 billion) as of March 31, 2007.RILis the first and only private sector company from India to feature in the Fortune Global 500 list of 'World's Largest Corporations' and ranks amongst the world's Top 200 companies in terms of profits. RIL is amongst the 25 fastest climbers ranked by Fortune. RIL also features in the Forbes Global list of world's 400 best big companies and in FT Global 500 list of world's largest companies