Reliance Retail news

Deepavali (or Diwali) is the biggest festival celebrated in India. It symbolises the spiritual victory of light over darkness and celebrants prepare by cleaning, renovating, and decorating their homes and workplaces, wear their finest clothes, illuminate their homes, perform worship ceremonies, partake in family feasts, and share gifts. As India recovers from the pandemic and eases movement restr...

Reliance Retail has announced that it would be rolling out 7-Eleven convenience stores in India. This news has come just two days after Future Retail ended a similar deal with 7-Eleven. First 7-Eleven stores will open in Mumbai this month Andheri East in India’s financial capital of Mumbai will have the first 7-Eleven 24-hour convenience store on October 9, followed by a rapid rollout in ot...

Reliance Retail has recently acquired a controlling stake in Indian search and discovery firm Just Dial for US$469m. B2B marketplace that is free for users, but charges a fee for listings Market leader Reliance Retail has acquired a 41% stake in Just Dial, and plans to make an open offer to acquire an additional 26% stake later.  B2B marketplace Just Dial offers local search and ecommerce s...

Hindustan Unilever Limited (HUL) is working together with Reliance Retail in India to launch an in-store vending machine for its home care products.  This machine allows customers to refill any bottle with Surf Excel, Comfort and Vim, enabling lower plastic usage in the country. Customers can bring their own bottle or purchase a recyclable container from Reliance Smart Several suppliers fin...

Vaccination to protect against COVID-19 is now more accessible in Asia, but the uptake has been sluggish.  To encourage more people to get the jab, some retailers as well as suppliers from the food and grocery industry are offering discounts and prizes for vaccinated individuals.  Hong Kong: ParknShop, Watsons and Sa Sa offer cash vouchers The CK Group has launched a lottery for Hong Kong r...

Reliance Retail has announced that it is extending the date to complete the purchase of Future Retail.  While waiting for the merger to be approved by the authorities, Reliance Retail is focusing more on growing its private label brands, while Future Retail has enhanced its digital capability with a two-hour delivery guarantee for online shoppers of Big Bazaar. Potential acquisition of Future...

Walmart-owned Flipkart will expand its online grocery operations to more cities in India, start voice search in English and Hindi, and make changes in its board of directors.  The online grocery market has grown rapidly during the COVID-19 pandemic, and this expansion allows it to compete with the likes of Alibaba-backed BigBasket, Grofers, Amazon and Reliance Industries’ JioMart. Flipkart’s o...

After Indian online grocers BigBasket and Grofers have reported growth in revenue last week, Spencer’s and Future Retail have recently announced a decline in their income for October to December 2020. Future Retail: revenue has been badly affected by the pandemic Future Retail has reported 71% less revenue during the quarter of October to December 2020.  Its income has dropped from INR51,93...

India’s online grocer Grofers has reported a 111% increase in its revenue to INR1,767m (US$24m) in FY20 (ending March 2020).  However, with overall expenses increasing 53% to INR8,142m (US$112m), the retailer reported a net loss of 42%, equating to INR6,374m (US$88m). Increase in warehouse space, store partners and private labels  The online retailer is now present in 38 cities and able to ...

Walmart-owned Flipkart has begun to deliver wholesale grocery items to Kirana stores and other small retailers in India. Pilot in Gurugram and service will be rolled out to the rest of India later Flipkart Wholesale, which connects manufacturers with retailers in 23 cities, started with clothing and footwear. With the addition of grocery products in its inventory, Kirana stores and small re...