Thursday, March 08, 2007

Reliance Retail to focus on large format stores

M. Balachandran, Chief Mentor for Reliance Retail, emphasized that Reliance Retail would put local fruit and vegetable vendors out of business, stating that their Reliance Fresh stores only have a turnover of Rs 120,000 per day, while the total retail market for fruits and vegetables for Chennai was estimated to be Rs 18 crore a day. He also emphasized that the Reliance Fresh stores are only a test project to understand the market and the main focus of the company will be large format stores.

No comments: