Tuesday, December 19, 2006

Reliance Retail hastens expansion

With all the interest generated by the Wal-Mart and Bharti tie up, all retailers are gearing up to face the competition. DNA Money reports that Reliance Retail is understood to be ready for its second phase of expansion sooner than earlier expected and has already started its cash & carry format stores, Ranger Farms in Hyderabad. In the next two months, the company will be launching its Specialty stores and Hypermarkets. In the next few days, Reliance Retail stores will be opened in several cities, such as Jaipur, Delhi, Kochi, Bangalore and Chennai.

Its first Ranger Farm outlet opened in Hyderabad and will be opening in Jaipur next week. Ranger Farms are wholesale suppliers of fresh fruits and vegetables for small push cart vendors and other small merchants. The stores will function only from 2am to 9am.

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