Why Reliance Retail acquired NetMeds Online Pharmacy ?

Reliance Retail has announced the acquisition of a 60% stake in Netmeds (Indian digital pharma market place) for US$83mn. Netmeds is present in 670 cities and towns and offers more than 70,000+ prescription and lifestyle drugs and thousands of non-prescription goods for wellness, health and personal care. Netmed promoters have a long history in pharma retailing and manufacturing. Netmeds had ~US$1mn in revenues ~(US$8mn loss) in F18. Its app also offers doctor consultation services as well.

Online medicine market currently is (more…)

Reliance Retail – Good Performance by Loyalty Club Members

Reliance Trends ShoppingReliance Retail added 184 stores over FY13, taking its total store count to 1,466. Total space as of end-FY13 was 9mn sqft across 129 cities. The fashion & lifestyle segment witnessed the highest store additions, followed by electronics.

Store additions for value formats were relatively low. Retail space is concentrated more in the south (40% share of retail space) and west (33% share), followed by the north at 19% and the east at 8%.

Reliance Retail posted relatively (more…)

Nostalgia Ties Vimal to Reliance – Offers over 1,000 Franchisees

Vimal is the first and the heritage brand of controversial Reliance Group which marked its entry into the Indian textile market. Vimal was named after Dhirubhai’s nephew, was revamped in 2007 with the groups foray into retail business.

In a fresh communique, Reliance has released “1,500 new outlets across India waiting for you” with new Tag Line Dressing up New India wants to send a signal that it is not an end of road for the brand yet. The message also highlights Indian Woman in Western Wear which is something Reliance was averse to but maybe with changing times they mad adopt and cater to the growing aspirations of Indian women. (more…)

Reliance Retail – Promise in 2006-07 Vs Performance till 2012 – Report Card

Reliance entered the retail business in 2006 and had set ambitious growth targets for 5 years. Given the growth potential of organized retail in India combined with Reliance‟s financial and execution strengths, these targets were seen as realistic. Reliance Retail till date has established its presence across 17 Formats and has JV with 14 Global Brands.

We’d like to present to you the Report Card of how Mukesh Ambani has performed on his Promise of Reliance Retail in 2006 with what is achieved until March-2012.

Mukesh Ambani’s Promise for Reliance Retail in 2007 (more…)

Reliance Footprint Scores a Century – Offers upto 60% Discount Sale

Reliance Retail promoted Reliance Footprint now has 100 shoes stores across India. Reliance Footprint is a Multi Brand Outlet which offers over 50 international, national and Reliance brands including Alberto Toressi, Buckaroo, Clarks, Franco Leone, Ganuchi, Hush Puppies, ID, Lee Cooper, Mancini, Pavers, Provogue, Red Tape, Samsonite, Woodland for men. Bonjour, Catwalk, Clarks, Hi-attitude, Inc 5, Orange, Rocia, Tosca, Towlips etc for women. (more…)