Saturday, October 07, 2006

Reliance Retail getting ready to open shop

The Hindu Business Line reports that Reliance Retail will be opening its first store in Hyderabad on October 18th. The new store will be a food and grocery format store. There will be 30 new stores opened in Hyderabad over the next few months in the same format. Chennai will see store openings a month later.

According to sources, Hyderabad was chosen as a launch pad due to its low cost of rentals and ease of finding properties. The company plans to open stores in 6 clusters in Andhra Pradesh focusing on the main cities which will be developed as retail hubs.

Reliance Retail’s hypermarket chain Reliance Mart kicks off in Ahmedabad in December 2006 and the company plans to have a total of 20 hypermarkets running within a year. Its hypermarkets are being positioned as ‘value shopping’ offering discount prices.

No comments: