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 such
as 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.