Reliance Group is leading Indian retail landscape, states data & analytics company GlobalData. Reliance Industries Limited (RIL) is grabbing every single opportunity, be it collaborating with technology companies, acquiring leading retailers or adding physical stores or its entry into the online retail space for gaining access to advanced technologies, to gain a dominant position in the Indian retail landscape, GlobalData elaborates.
Reliance Retail had reportedly sold over 20 million electronic units, 160 million garments, 2.6 billion grocery units during the financial year 2019, ended in March 2020. In the same year, the retailer had also added 1,500 stores and over 30% to its total retail space.
In April 2020, Facebook paid $5.7 billion for a 9.99% stake in India’s Reliance Jio Platforms. In July 2020, Google agreed to invest $4.5 billion for a 7.7% stake in Jio Platforms.
The Jio Platforms Limited has also raised investments from Abu Dhabi-based sovereign investor Mubadala, Abu Dhabi Investment Authority and sovereign wealth fund of Saudi Arabia, The Public Investment Fund.
Explaining why Reliance Group is leading Indian retail landscape, Vijay Bhupathiraju, retail analyst at GlobalData, said, “RIL’s recent collaboration with technology businesses such as Facebook and Google will help it gain access to advanced technologies and valuable consumer data, which can be leveraged in its retail platforms.”
“RIL is looking to acquire Future Retail, an Indian retail conglomerate that owns renowned retail chains such as Big Bazaar and HyperCity. The deal, if it works out, will complement Reliance Retail’s massive reach in the country by adding an additional 1,500 stores to its already substantial network of over 11,784 stores across the country. Similarly, Reliance Retail is reportedly in talks with Arvind Fashions Ltd to buy two of its denim brands Newport and Ruf & Tuff,” he added.
The company is also betting big on India’s online grocery market. In August 2019, it announced its entry into the online grocery retailing via a new e-commerce platform, JioMart, and subsequently started a pilot for the same in Mumbai in January 2020. The value chain created by JioMart connects local offline retailers on a large scale with its merchant point of sale (POS) solution, where it provides user-friendly digital platforms for inventory management, customer care services and other services required by the retailers. The Facebook partnership has enabled JioMart to leverage the WhatsApp platform to accelerate its growth.
“Reliance can also use its already well-established formats including Reliance Fresh and Reliance Supermart to not only aid its supply chain systems, but also lure their customers to become familiar with online grocery shopping through omnichannel strategies,” Bhupathiraju concluded.
How much technology is too much technology? Tech has inevitably become asApril 15, 2021 | By Shruthi Nair
According to a report by the United Nations, the fashion industry accountsFebruary 18, 2021 | By Shruthi Nair
UAE-based Carrefour announced its theme and plans for Ramadan 2021. The brand
Locally owned supermarket Spinneys celebrates 60 years of doing business in the
UAE-based Carrefour will become the first retailer in the region to offer new levels
The Organic Farmers’ Market is back in Bay Avenue for its 12th
UAE-based Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah,
Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones
UAE-based Al Maya Supermarkets is hosting a two-week food festival at select
Locally-owned supermarket Spinneys has launched its ‘Power of Plants’ initiative in the
Carrefour UAE has launched “Cookit Yourself” — a curated recipe box created
UAE-based Al Islami Foods, one of the largest frozen food companies in
Marks & Spencer’s plant-based range now offers over 25 vegan products including meat-free
World’s largest fully integrated online brand in fresh fish and meat e-commerce
Who isn’t a sucker for discounts? Customers today are spoiled for choice
The various e-commerce and virtual retail stores that cater to different product
A private helicopter carrying the chairman and managing director of Lulu Group,
According to a new report by GlobalData, the penetration of online sales
In a 180-degree turn from 2020, retailers’ expansion plans are outpacing plans
Research by GlobalData found that eBay’s job postings in the US and
London based luxury retail and branding experts, House of Luxury (HOL), is celebrating their
Data presented by Fraîcheur Paris indicates that beauty products accounted for 22% of the
Tighter restrictions on hotels, restaurants, shopping malls and entertainment venues on account of
British fast-fashion retailer Primark says it has no plans to sell its
All hotels and restaurants have been directed to temporarily hold entertainment activities
The new Dubai Gold Souk is “very much on track”, according to