Reliance Retail''s first hypermarket opens at Ahmedabad
14 Aug 2007
Mumbai: Reliance Retail today opened the first of its 30 large retail format hypermarket in Ahmedabad. The national roll out of these superstores pan India will take place by the end of 2007 at an investment of over Rs375 crore.
Last
year Reliance Retail unveiled Reliance Fresh, its fresh
food format store followed by Reliance Digital, consumer
electronics stores.
The Ahmedabad hypermarket is spread over 165,000 sq ft and stocks over 95,000 products ranging full line of groceries, apparel and consumer white goods.
Six malls under the Reliance Mart brand are scheduled for launch in the national capital region, five in Punjab and Andhra Pradesh each, three in Gujarat and two in Bangalore.
Unveiling the hypermarket, K Radhakrishnan, CEO, Reliance Hypermarket said, "The company will open 30 hypermarkets by this year end of 40,000-60,000 sq ft each," though he did not disclose the investments in the individual stores.
The
company says that it plans over 500 such superstores by
2010.