Reliance Retail opens 9 stores in NCR; plans additional 100 stores February 9, 2007Posted by Shalini in Retail.
Reliance Fresh opened nine stores in the National Capital Region (NCR) taking the total number of stores to 50. Now the company will be opening 100 additional stores in the NCR in the next 4 months. Fifty of these stores will be in Delhi and the remaining will be in surrounding areas of Noida, Greater Noida, Faridabad, Ghaziabad and Gurgaon.
Reliance aims to have 1,000 Reliance Fresh stores by the end of the year in 35 cities, covering a total space of 4 million sq ft. According to Raghu Pillai, President and CEO of Reliance Retail (operations and strategy), “It will be very hectic for us till March. We are planning to open 250 Reliance Fresh stores in Punjab, Delhi, Karnataka (Bangalore), Kerala, Gujarat, and Maharashtra (Pune and Mumbai).”
Between April and June, the company will also launch its hypermarket and specialty store formats. Specialty stores will include consumer electronics, apparel, pharmaceuticals and healthcare items. The first hypermarket is likely to come up in either Delhi or Ahmedabad.
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