Reliance Retail: First store in Hyderabad in September

Reliance Retail: First store in Hyderabad in September

With the mega 25000 crore project in the news from June onwards this year, the company has now announced to open its first store in the Hi-tech city of Hyderabad. The store will be a specialty store of vegetable and food. “We will be opening our first store in Hyderabad in September and this will be a very large store with food, vegetables and staples,” Reliance Retail president and chief executive (operations and strategy) Raghu Pillai said.

The company was in news with the governments and cooperative chains for alliances in the sector. There was a news some days back that the Reliance is looking for real estate in different states. The company had plans to spread to other parts of the country soon, though refusing to divulge details on the number of stores it hoped to close this fiscal year with.

Our Review: With growing retail sector in the country and specially the ongoing foreign investments in the retail sector, the future of this sector is definitely bright. With Reliance getting into this sector with a blast, it is definitely going to hurt the existing big B’s like Vishal Megamart, Super Bazaars and Big Bazaars.

Comments (1) left to “Reliance Retail: First store in Hyderabad in September”

  1. News Axis / Nita Ambani to look after Reliance Retail wrote:

    […] For the first time in the Ambani’s Reliance History, the other half of Mukesh Ambani; Nita Ambani has been seen in the recent consultations of the Reliance Retail venture. The 25000 Crore project will come up with its first Reliance retail outlet in Hyderabad. There is no formal confirmation for the company that what would be the actual involvement of the Ambani Lady but sources says that Nita will be actively involved in the ‘people out reach’ program led by the company. Since reliance is targeting the rural sector first, so it will be important for the company get involved in the rural constituencies of the country. At the moment, Nita Mukesh Ambani has been seen involved with the architects in designing the Dhirubhai Ambani knowledge city. […]

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