Tag Archives: Ludhiana

Reliance Retail to transform hypermarkets in to cash & carry stores

Having a hard time competing with local kirana stores, Reliance Retail, aims to transform few of its giant sized hypermarkets in to wholesale cash & carry stores.

The first under the conversion plan is 44,000 sq ft Reliance Mart in Bhopal’s Aashima Mall which is under renovation currently and is expected to open in a new avtar in February 2014. The other two to be apparently converted are in Ludhiana and Aurangabad, each.

With the cash and carry model, the organised retailers will be able to supply bulk order to the kirana stores, which otherwise were their competition.

Modern retail has always been a step behind when it comes to consumers’ preference to shop for food and grocery, though modern retail stores offer a wide variety what they are unable to offer is good price. While modern retail sells at MRP until a scheme run by brand, neighbourhood stores sells at wholesale price 365 days of the and if you are lucky you can also avail ongoing schemes. 

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Hero Cycles announces manufacturing plans in Bihta

Hero Cycles, the world’s largest cycle manufacturer has announced the launch of its new manufacturing plant in Bihar’s Bihta Logistics and Industrial Park. The new plan will expand the production capacity of Hero by a million units per annum. Continue reading Hero Cycles announces manufacturing plans in Bihta

Retail finds new destinations

 

For retail players, stagnation and obsolescence are two sides of the same coin. Though expansion is often a challenge in a curtailed economic environment, it is nevertheless a necessary function for success. Retailers who wait too long to expand into new territories, or are content to stay where they are, are missing the growth wave and will eventually lose their market relevance. Continue reading Retail finds new destinations