Business Daily from THE HINDU group of publications Friday, Feb 08, 2008 ePaper | Mobile/PDA Version |
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Outlook Marketing - Retailing Reliance Retail plans more format stores Our Bureau Mumbai, Feb. 7 Reliance Retail will see a total investment of Rs 25,000 crore in the next two-three years, said Mr Manu Kapoor, Senior Vice-President, Reliance Retail Ltd. This investment will be for the complete roll out of its entire retail operations. The company plans to increase the number of various format stores across the country. Of the various format stores, Reliance Wellness, Reliance Super and Hypermart will see the maximum growth. Reliance Super, currently at two, aims to grow to 11 by the end of this year, Reliance Wellness (six) to 20 and Hypermart (two) to 30, said Mr Kapoor. As part of its expansion plans, Reliance Retail on Thursday launched Reliance Wellness in Chembur, Mumbai. “We already have three such stores in Hyderabad and two in Bangalore. We have received a positive customer feedback, we would therefore want to replicate a similar model throughout the country,” said Mr Kapoor. The company plans to set up four such stores in the National Capital Region (NCR) by the end of February. Reliance Wellness will provide pre-emptive, curative and health and beauty solutions and will also educate consumers on their health needs. The store will also provide free computerised eye-testing service. Apart from this, the store will showcase seminars, workshops and advisory camps on contemporary wellness issues like diabetes, hypertension, fitness, diet and nutrition, weight management and skin care. More Stories on : Outlook | Retailing
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