Reliance Retail - The Largest Retailer in India
Reliance Industries ventured into organised retail through Reliance Retail (the retail initiative of Reliance group) with its first Reliance Fresh store in Hyderabad in 2006 and is the largest retailer in India in terms of revenue.
It has in a short time forged strong and enduring bonds with millions of consumers by providing them unlimited choice, outstanding value proposition, superior quality and unmatched experience across all its stores. Reliance Retail has adopted a multi-prong strategy and operates chain of neighbourhood stores, supermarkets, wholesale cash & carry stores, specialty stores and online stores and has democratized access to a variety of products and services across diverse segments for Indian consumers.
Reliance Fresh, Reliance Smart, RelianceSMART.in, Reliance Market, Reliance Digital, Jio Store, Reliance Trends, Project Eve, Reliance Footprint, Reliance Jewels, AJIO, Reliance Mall are the Brands of Reliance Retail. Serving the food and grocery category Reliance Retail operates Reliance Fresh, Reliance Smart and Reliance Market stores. In the consumer electronics category Reliance Retail operates Reliance Digital, Reliance Digital Express Mini stores and Jio stores. In fashion & lifestyle category it operates Reliance Trends, Trends Women, Project Eve, Reliance Footprint, Reliance Jewels and AJIO.com in addition to a large number of partner brand stores across the country, Reliance Retail has over 45 subsidiaries.
Reliance Retail has the distinction of being the largest retailer in the country. Reliance Retail’s commitment to “bettering the lives” has been embodied in its pursuit to make a difference on social socio–economic issues in India. The initiative has brought millions of farmers and small producers to the forefront of the retail revolution by partnering with them for growth.
Deep insight into India’s economic, cultural and consumption diversity drives Reliance Retail’s vision in the retail universe. The operating model is based on customer centricity, while leveraging common centres of excellence in technology, business processes and supply chain. More importantly, it has built a strong and unwavering foundation through its extraordinary people.
Reliance Retail has emerged as the partner of choice for International brands and has established exclusive partnerships with many revered international brands such as Diesel, Superdry, Hamleys, Ermenegildo Zegna, Marks and Spencer, Paul & Shark, Thomas Pink, Kenneth Cole, Brooks Brothers, Steve Madden, Payless Shoesource, Grand Vision and many more.
Reliance Retail reported a turnover of Rs. 1,30,566 crore for the financial year 2017-18. As on 31st Mar 2018, Reliance Retail operates 10,415 stores across 6,600+ cities with a retail area of over 22 million sft.
Reliance Retail is the largest retailer in India, with $18.7 billion in revenue during financial year 2019, and it grew at a CAGR of 55 per cent in the last five years. Reliance Retail had $81 billion in revenue and $9.4 billion in profit during 2019.
Reliance Retail in News
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