Reliance Retail to turn Metro stores into destination retail outlets

Metro sold only to business customers as its German parent had to comply with India's FDI norms

After acquiring Metro AG's India wholesale business, Reliance Retail is planning to turn the stores into destination retail outlets, The Economic Times reported. These stores will then cater to both trade and consumers.

Reliance Retail plans to sell groceries, value fashion and electronics at these outlets. It also has plans to onboard these stores on the JioMart shopping app, a senior industry executive aware of the plans told the publication.

The report said some of the stores will also have cafes.

Reliance Industries' subsidiary Reliance Retail Ventures, the holding company for Reliance Retail, signed definitive agreements last month to acquire