Reliance Trends, which is rapidly expanding its network of retail stores across the country, on Monday announced the opening up of its 50th store and fourth in Hyderabad and said that it is poised to become the single largest such retailer with a century of stores by March 2012.
Continue reading Reliance Trends plans to launch more retail outlets
Reliance TimeOut, the books, music, stationery, toys and gifts store of Reliance Retail, played host to the dashing Bollywood Star, Neil Nitin Mukesh at the Reliance TimeOut store in Ambience Mall today.
An exclusive event was planned for the customers of Reliance TimeOut as Neil Nitin Mukesh visited the Reliance TimeOut store to promote the much awaited upcoming flick ‘Jail’ and was also part of a special campaign to promote the same to the customers of Reliance TimeOut. The event attracted hoards of customers and passers-by that were anxious to catch a glimpse of the lead actor of the movie. The eagerly awaited film brings to audiences a larger reality about the life of prisoners.
Continue reading Neil Nitin Mukesh fascinates customers at Reliance TimeOut
Italian Coffee Chain Barista Coffee company is in talks with Mukesh Ambani-led Reliance Industries for opening its outlets at RIL’s A1 food plazas at key locations in the country to tap the growing potential of coffee business at national highways.
Besides, the company is also holding negotiations with Fortis Hospitals for opening its outlets at its properties as part of its efforts to augment its business in the country.
Continue reading Barista coffee chain in talks with RIL for opening outlets at A1 plaza
Reliance Jewels recently opened its first retail outfit in Mumbai at R -City Mall, Ghatkopar, reports say. The store offers a wide range of gold, diamond and wedding jewellery, culminating all jewellery requirements under one roof. Its range of jewellery designs numbers to over 10,000 incorporating the varied creative art from across the country.
Continue reading Reliance Jewels launches its first store in Mumbai
Reliance retail, reportedly, is expecting to break even at the store level in all cities, except Mumbai, this September. We will be able to generate cash at our stores by September, except in Mumbai, where real estate cost for our stores is still high, an anonymous company official was quoted in media reports as saying.
At present, RRL operates over 900 stores (including 50 in Mumbai) and has already achieved a break even at the store level in around one-third of the 80 cities it operates in, according to media reports. The official further stated, Stores in Chennai, Bangalore, Hyderabad, Orissa and half the ones in Delhi have broken even. Stores in the other metro, Kolkata, however, may fail.
Continue reading Reliance Retail expecting to break even by this September
Mukesh Ambani-controlled Reliance Retail, which is reviewing the performance of Reliance Fresh outlets in Jharkhand, may close down the non-viable ones.
According to a company source, a group of technical experts are reviewing the performance of Reliance Fresh outlets. “Those that are not doing well may be closed down. In that case, their assets will be merged with other units. This is being done at the national level,” the official said.
Continue reading Reliance Fresh outlets may close down in Jharkhand
Marks & Spencer Reliance India (MSRI), which plans to roll out 50 retail outlets in the next five years, is experimenting with a new economic model of revenue sharing between the retailer and developer of the outlet.
MSRI, which is 51-per cent owned by leading UK retailer Marks & Spencer and 49 per cent by Reliance Retail, a subsidiary of Reliance Industries, has already sealed such revenue-sharing deals with developers for its next four to five outlets.
Continue reading Marks & Spencer Reliance India plans to roll out 50 retail outlets
Reliance Retail has withdrawn its application for licences for sale of wine at its retail outlets in Pune.
â€œThe company had approached the state excise department for 12 licences that would allow the company to sell its wine at Pune district. However, the company withdrew its application recently without citing any reason,â€ Vijay Chinchalkar, superintendent, state excise department, said.
Continue reading Reliance Retail withdrawn application for wine sale at retail outlets
MUMBAI: Reliance Industries Ltd (RIL), one of the major player in the petrochemical industry and the first one in the private sector to start retailing of petroleum products, has decided to convert all its petrol pumps into general retail outlets, once its stops retailing petroleum products completely.
Mounting crude prices had forced RI L to shut down 1,400 petrol pumps spread across the country as it became unfeasible to match the fuel price offered by PSU firms which are adequately subsidized by the government for selling fuel at a fixed priced.
According to a senior company official, the decision to close these pumps was taken after the company started to lose as much as Rs 5 – Rs 8 a litre of petrol and diesel sold by them.
He said that since the closure of these pumps has resulted in loss of business opportunity for nearly 900 of its retailers, and nearly 500 of its own pumps, and to convert this episode into a new business opportunity, the company has decided to spin off all pumps into general retail outlets.
“The group is actively pursing a retail business model with huge investments for this venture and these outlets with huge captive space will be turned into major retail chains spread across the country. By this way the retailers and our employees will not only be adequately compensated, they will be absorbed into a new business,” he said.
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