Reliance Retail expands non-food and general merchandise trading area by 50% in grocery stores.

Reliance Retail, India's largest retailer, has increased the trading area for non-food and general merchandise in its grocery stores by nearly 50%. This expansion aims to enhance profit margins and support its e-commerce platform, Jiomart, while addressing product gaps. The company seeks to compete with quick-commerce platforms and expand into the premium market amid rising disposable income. Reliance Retail operates 18,918 stores and reported a gross revenue of approximately $36.8 billion for FY24.

September 15, 2024
6 Articles