With plans to expand to 1,150 cities and deliver groceries in just 10-30 minutes, Reliance is set to shake up the market, offering customers speed, convenience, and savings
Candytoy Corporate, one of the leading manufacturers of candy toys, has partnered with Reliance Retail to supply confectionery toys for 1,400 stores of the country's leading retailer, said a top company official. The Indore-based company entered into an agreement with Reliance Retail a couple of months back, said founder Director Gaurav Mirchandani. "We already have a purchase order for more than 15 outlets right now, which is live, and 200 outlets will be live by the end of Diwali, and 1,400 outlets will be live by the end of this financial year," Mirchandani told PTI. When asked about the order size, he said it would have a run rate of Rs two crore per month from Reliance Retail 200 stores, and this would be scaled to Rs 4 to 4.5 crore per month by the end of this fiscal. "We have more than 75 SKUs in the sweets and savoury flavours category of the candy, which we are providing to Reliance Retail," he said. Candytoy Corporate (CTC), valued at nearly Rs 1,000 crore, is supplying
Reliance Retail's fashion e-tailer AJIO will now feature Swedish fast fashion major H&M's products on its platform. Both companies, in a joint statement on Thursday, entered into a partnership to launch H&M's line of products on the AJIO platform. "This partnership aims to enhance H&M's online presence, complementing its existing omni-channel offering by making affordable, high-quality fashion accessible through AJIO, which adds another top international brand to its robust brand portfolio," the statement said. Earlier, H&M has an exclusive partnership with online rival fashion e-tailer Myntra. H&M will launch its collection on AJIO, featuring over 10,000 styles across womenswear, menswear, kidswear and home decor. This will make H&M, which is known for its high-quality fashion, more accessible, it added. AJIO CEO Vineeth Nair said: "Over the past couple of years, we have pushed the fashion horizon to bring the best of international brands to AJIO. The launch ..
Reliance Retail, the country's largest retailer, has increased the trading area for non-food and general merchandise by almost 50 per cent in its grocery stores in a bid to improve margins. The move is also likely to bolster the retailer's hyper-local aspirations through its e-commerce platform Jiomart, through which it is connecting its Smart and Smart Bazaar stores providing a wider variety to consumers, according to an industry insider. As part of that Reliance Retail is now going for space revision at its stores, allocating higher trading areas for non-food and general merchandise items, a segment which offers higher margins than other segments such as grocery and apparel. The extended retail space would not only allow Reliance Retail to offer a complete range of products for a segment but also fill in the gaps in its offerings, the source said. In the latest June quarter, Reliance Retail's EBITDA margin from operations was 8.2 per cent, which was up 30 basis points on a Y-o-Y
Reliance Retail will transfer its FMCG brands, including Campa and private labels, to its new arm RCPL to accelerate business expansion with a dedicated focus
The partnership intends to establish an apparel innovation platform dedicated to meeting the demands of Indian consumers
In her speech, she said, "With the strong foundation we have built, I am confident that we will achieve our goal of doubling our retail business in the next 3 to 4 years."
The Mukesh Ambani-owned company is cemented as the largest retailer in India and has 304 million registered customers
RIL AGM 2024: Given RIL's historical performance and the significant developments in its various business segments, investors have high expectations from the 47th AGM
The country's leading retailer Reliance Retail and British Shoe maker Clarks have terminated their two-year old joint venture, an industry source said. Differences between both partners have emerged regarding certain terms of engagements, following which they have decided to part ways, said the source. While an e-mail sent to Reliance Retail seeking comments remained unanswered by the time of filing of the story, Clarks Global declined to comment on the development. "We won't be commenting on this, said the Clarks spokesperson while responding to PTI's e-mail. The JV, Clarks Reliance Footwear Pvt Ltd operated over 30 exclusive Clarks-branded brick-and-mortar stores in New Delhi, Mumbai, Bengaluru, Lucknow, Hyderabad, and Chennai, according to the company's India website. As the partners have drifted away, these stores are getting closed, the industry source added. Earlier, Clarks had a partnership with Kishore Biyani-led Future Group. It had entered India with a 50:50 joint ventu
Reliance Retail Ventures, a subsidiary of Reliance Industries, raised Rs 17,814 crore in equity in FY24 from investors and its parent company
The oil-to-telecom conglomerate also added that its retail arm remains steadfast in innovating across formats and products to improve customer experience and serve evolving consumer needs
The Indian retail market is one of the fastest growing markets in the world, expected to cross USD 1.4 trillion by 2027, said the latest annual report of Reliance Industries (RIL). RIL operates the country's leading retailing firm Reliance Retail. India is poised to become the third-largest retail market by 2030, the report said adding the growth is propelled by factors like increasing urbanisation, rising income levels, expanding female workforce, and an aspirational young population. Moreover, a rising demand for premium and luxury products further fuels this growth trajectory, reflecting the evolving preferences with rising disposable incomes. This growth extends across various town classes, benefiting numerous local, regional and international brands and manufacturers. "They are being connected with consumers across diverse markets, thereby actively participating in India's ongoing growth narrative," said Reliance. Segments such as grocery, fashion and lifestyle and consumer
The company added 30 new stores during the April-June quarter, it said in its investor presentation after announcing its results on Friday
Company adds 331 new stores and records footfall at 296 million across formats, up 18.9%
The country's leading retailer Reliance Retail has added 30 new stores of Metro in the June quarter, taking the total count of the Cash & Carry outlets to over 200. Reliance Retail had acquired the Indian operations of German firm Metro AG's wholesale operations in December 2022 in a Rs 2,850-crore deal. At the time of acquisition, Metro was operating 31 large formats located in prime locations across key cities. "Grocery New Commerce business continued to expand its kirana partner base as Metro format scaled with 30 new store openings taking the count to over 200 stores with presence across 180+ cities," according to the earnings statement from Reliance Industries. Metro stores come under the grocery division of Reliance Retail Ventures Ltd (RRVL), which delivered another quarter of "steady growth", led by expansion in Tier-2 and beyond cities. Reliance Retail opened 331 new stores, taking the total count to 18,918. With this, the total retail area operated by Reliance Retail ..
Anant, the youngest of the 67-year-old's three children, kicked off his marriage celebration in March
Reliance is in talks to lease 8,000-10,000 sq ft space across malls and high streets in top cities for the new venture. The name of the new brand has not been disclosed yet
After a 4 year absence, Reliance may be launching Shein in India on its apps and storefronts within the coming weeks: All you need to know
Reliance Retail's new fast-delivery service is integrated into the JioMart mobile application under the 'hyperlocal delivery' option. The platform aims to bring delivery time down to 30 mins