If we get what the little birdy says, India will soon have its very own Amazon or eBay, as Reliance Retail aims to foray in to e-commerce within six to eight months of time. The e-retail business is likely to be based on marketplace model.
In the recent quarterly results, the retailer had cleared that it will be adopting multi channels to retail. Ofcourse, e-retail becomes one of the multi channels. Continue reading Reliance Retail plans e-retail foray
Looking at the changing trends of the way consumers dress and the breaking walls between formal and informal dressing, Vimal launches a range of informal or as they say ‘Unformal’ range of clothing for men.
Decades old menswear brand has been known for its formal wear and suiting and shirting lengths, with the new range will be able to reach to wider audience than just being a typecast. The new Unformal Fashion range from Vimal has been designed to cater to today’s youth who want to break away from the conventional formal wear concept and are looking for new ways to make formal wear interesting. The new range comprises four exciting, trendier and fashionable products and includes Fashion Jacketing, Fashion Cottons, Fashion & Feel and Fashion Ceremonials.
Continue reading Vimal goes Unformal, yes Unformal with new collection
A position which was being well-led by Kishore Biyani’s Future Retail has now been taken over by Mukesh Ambani‘s Reliance Retail. The retail arm of Reliance Industries Limited (RIL), Reliance Retail has become the country’s topmost retail chain.
Reliance Retail which recently announced revenue of Rs 3,474 crore for the quarter which is a 53 percent jump from Q3’12, has been able to achieve the numbers contributing to the various retail format it operates. It has reported an operating profit of Rs 70 crore and the variation in formats has helped the company achieve scalability. Continue reading Reliance Retail: The new numero uno in Indian retail industry
One of the key names in Indian retail industry, Bijou Kurien steps down from his post of President & CEO, Reliance Retail Lifestyle Division. He has been a part of one of India’s leading retail conglomerate from past seven years and will also quit from the boards of the joint ventures with UK’s Marks & Spencer’s and Vision Express, among others.
Kurien, 54, plans to take a break for personal reason and will be pursuing other options after the break. He had spent nearly two decades at Titan Industries before joining Reliance Retail.
Kurien, currently, also serves as the Chairman of FICCI’s Retail Committee.