Initializing...

Top Retail Brands

Rel Retail plans 4,000 stores in 4 yrs

Mukesh Ambani promoted Reliance Retail plans to set up


September 29, 2010  |  comments ( 0 )  | 
Rel Retail plans 4,000 stores in 4 yrs

Mukesh Ambani promoted Reliance Retail plans to set up around 3,000-4,000 stores in 19 formats in the next 4 years. The company is predicting 100% growth for the financial year 2010-11. Reliance Retail currently operates 19 formats suchas Reliance Fresh, Reliance TimeOut, Trendz and Digital and Jewels, among others.The company is also aiming at entering the cash-and-carry business by opening around 3 outlets in the next 6-8 months. The cash and carry stores will have a square feet area 1.5 lakh.The company has projected Rs 45,000 crore turnover from the retail business in the next five years. It is also bringing global brands like Hamleys, Diesel and Marks & Spencer under its roof in all formats.


Related News


Comments

Please add your comment:

Rating   

Not readable? Change text.

Enter the characters as seen on the image (case insensitive)

Notify me of followup comments via e-mail

Subscribe for daily newsletter