Reliance Mart To Open Stores In Jamnagar & Gurgaon

August 14, 2007	(5 votes, average: 3.4 out of 5)  Loading ...
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Reliance Mart, the first hypermarket of Reliance Retail, is planning to come up with mega retail stores by sewing up real estate deals fast.

The company had signed deals for over 50 million sq ft through franchise and direct route. The arm envisions a target of 100 million sq ft by 2011 to open its hypermarket business.

The company has chosen Ahmedabad for its first hypermarket whereas the second and third hypermarkets will come up in Jamnagar (Gujarat) and Gurgaon (Haryana) in September 2007.

Jamnagar and Gurgaon would have the hypermarkets ranging between 1,65,000 – 2,00,000 sq ft. Of total space, around 40% will accommodate the garment brands whereas the remaining 60% will be earmarked for the stock home goods, white goods, footwear, and food products.

The company earlier planned to open one or two new stores every month in the current financial year. The hypermarkets will offer a comprehensive array of digital, food, and other lifestyle products. Reliance Mart is a part of the Reliance Group’s $5.5 billion ‘farm to fork’ retail initiative, with the targeted revenues of $23 billion by March 2011.

Since October 2006, Reliance Retail has set up more than 200 convenience and neighborhood stores under the ambit of the Reliance Fresh Chain.

News Published Under:   Retail Market in India |

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