Mumbai: RIL is prepared to take its cash-&-carry, or wholesale, business to Rajasthan early. In Jaipur, Reliance Market, the group’s cash-&-carry plan, will directly participate with 2 multinational chains – Carrefour from France & Germany’s Metro. Sources said in Jaipur, where protected trained personnel was a challenge, Reliance Market had hired from both Carrefour & Metro. While Reliance Industries Ltd didn’t specify the format-wise break-up of stores under its retail business, estimation demonstrates early, the company would have more than 20 cash-&-carry opening, becoming the biggest organised wholesale player in the country.
Presently, American chain Walmart has the biggest number of wholesale stores in India (20), followed by Metro (16) & Carrefour (5). Launched in September 2011, Reliance Market is the youngest player in India’s cash-&-carry segment. While Metro was launched in 2003, Walmart, along with the Bharti group, set up its first store – Best Price Modern Wholesale – in 2009. A Reliance Market spokesperson didn’t comment on the whole story of store locations, launches, detail schemes & hiring.
“Reliance Retail carries on focusing on making a genius pipeline to meet the future needs of the organisation. Recognize the best accessible talent in the industry & addressing the training & development needs of the workforce crossways retail formats is a vital & continual procedure,” he said.
Still as Reliance Market at first stay focused on Gujarat & Maharashtra, it lately go into the Punjab market, seen as a throttlehold of Walmart’s Best Price Modern Wholesale, which set up its 1st India store in Amritsar. Afterward, Walmart expanded into Zirakpur, Jalandhar, and Ludhiana & Bhatinda.
In Punjab, Metro has 4 stores in Ludhiana, Jalandhar, and Zirakpur & Amritsar.
Reliance Market, a partition of Reliance Retail, has stores in Ahmadabad, Bangalore, the National Capital Region, Ludhiana, Hyderabad, Mumbai, Aurangabad and Baroda, Mohali, Chennai, Guntur, Madurai, Coimbatore, Anand, Rajkot, Bhavnagar.
All the way through the next 3 years, the company could add about 60 cash-&-carry stores, ranging from 50,000 sq ft to 120,000 sq ft. For the retail business, the group has set a revenue target of Rs 40,000-50,000 cr for the next 3 years. In 2012-2013, RIL’s retail business reported a turnover of Rs 10,800 cr and an operational profit of Rs 78 cr.
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