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Reliance Retail news

10 July 2014
Carrefour to exit India, Chinese online retailer Yihaodian partners with Family Mart, Lawson and Seven & I report Q1 progress and retailers in India expanding into the online channel. Just a typical week in Asia's blooming grocery sector.  In this article we wrap up the rest of the weeks important developments. Japan - Seven Eleven expanding into railway stations Seven Eleven has announced ...
08 July 2014
Apart from Flipkart, Amazon, Snapdeal and Walmart, Reliance Retail is the next retailer which aims to capture a share of the growing Indian e-commerce market, investing in grocery online retail. Reliance Retail to enter the e-commerce market Reliance Retail plans to enter the Indian e-commerce market by offering deliveries of fresh fruit and vegetables in Mumbai by the end of 2014. "The bus...
02 July 2014
For Indian grocery retailing 1 May 2006 will go down in history. As India's first international modern trade hypermarket threw open its doors in Mumbai, things would never be the same again. Big change has happened since then, however less than a handful of modern retailers have actually managed to make a profit. We examine some of the challenges they face and show why the size of the prize is ju...
26 June 2014
Worth US$389.4bn in 2013, India’s grocery market is the second largest in Asia and we're expecting rapid growth over the next five years and beyond. Although modern trade still only makes up a small proportion of the market, it is growing faster than the traditional sector, as retailers continue to open more stores, improve existing ones and drive efficiencies in their operations. For some sup...
16 June 2014
Walmart is unlikely to open new cash & carry stores in India before 2015, but plans to introduce ecommerce to support current operations. In both channels, Walmart will encounter strong competitors: Metro Group is expanding fast in cash & carry, while Amazon is investing in new distribution centres. Launch of ecommerce to serve B2B Walmart will invest in ecommerce in India, with a launch im...
16 May 2014
BJP's victory BJP led by Modi is back in power after a decade in opposition, taking advantage of public anger at Congress for uncontrolled high prices, corruption scams and rising unemployment. However, its victory could be a bad news for foreign retailers like Walmart, Carrefour and Auchan who wish to introduce their grocery retail formats into the country. Significant liberalisation of ...
28 April 2014
Following a recent trip to a land of 'unorganised retail', Laura May looks at how the Indian grocery landscape is evolving as international retail players enter the market. A stark contrast to grocery retailing as some may know it, India's millions of market stalls and specialist shops, kiranas and kiosks - collectively known as 'unorganised retail' - account for around 98% of the country's gr...
23 April 2014
India's Reliance Retail announces 34% revenue growth, whilst company Chairman Mukesh Ambani hails as a business turnaround. Outstanding revenue growth Reliance Retail, part of Reliance Industries Limited (RIL), is a multi-format retail business comprising of nearly 1,700 stores across India. These include digital, jewellery, apparel and grocery formats. In the year ending 31st March 20...
19 December 2013
Tesco seeks approval to enter multi-brand retailing, Walmart makes a key senior management appointment and the latest cash and carry developments. Tesco applies to develop a multi-brand retail business In a statement, Tesco Asia's CEO Trevor Masters announced plans to develop its business in the Indian market through the application to extend into multi-brand retailing.  If this applicati...
21 October 2013
Reliance Retail plans ecommerce launch, as Tesco's local partner is reportedly developing a smaller hypermarket format. Reliance to enter ecommerce channel The Economic Times reports Reliance Retail's plans to expand into the digital channel within a six to eight month timeframe. The company is considering utilising a marketplace model of operation. This would place Reliance in competiti...