22 May 2011

Reliance Retail- Unlisted:: News and updates:CLSA

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Reliance Retail- Unlisted
Business description:
Reliance Retail is 91.1% subsidiary of Reliance Industries
Ltd.
It operates over 1,000 stores across 85 cities across 14
states
Other formats: Mart, Super, Digital, Trendz, Footprint,
Wellness, iStore, Footprint, Jewellery, TimeOut,
bookstore, AutoZone
Currently there are c.5.5m ‘RelianceOne’ members under
its flagship loyalty programme
News and updates
Vision Express, the eyewear JV, plans to scale up to
500 stores by FY17 from 103 currently
Reliance will come up with 3000-4000 new stores over
the next 3-4 years across all 19 of its formats
The company plans to increase the number of Reliance
Trends stores to 150 by Mar’12 from 36 currently
Reliance Brands plans to add 37 new stores in 2011,
taking the total to 55 across various high end apparel
and footwear brands

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