The Indian retail place 
is getting attractive with every passing day. Reliance Industries is planning to launch its home solutions retail venture by end 2007. The Rs30 billion venture will have a chain of 100 standalone specialised home solution outlets. To be rolled out by Reliance Retail (the retail arm of Reliance) these outlets will have a space of 40,000- 60,000 sq ft . Though the name is yet to be decided, the format of these outlets would be shops in shops within Reliance’s hypermarkets. The first hypermarket to be opened in August would be at Ahmedabad while the second would come up two months later in Jamnagar. The next big activity in the retail space is the predicted acquisition of Piramyd Retail by the Aditya Birla Group. The Group had already acquired Trinethra Retail, in beginning this year. Piramyd Retail has seven Piramyd lifestyle outlets and around fourteen Trumart grocery shops around the country.
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is getting attractive with every passing day. Reliance Industries is planning to launch its home solutions retail venture by end 2007. The Rs30 billion venture will have a chain of 100 standalone specialised home solution outlets. To be rolled out by Reliance Retail (the retail arm of Reliance) these outlets will have a space of 40,000- 60,000 sq ft . Though the name is yet to be decided, the format of these outlets would be shops in shops within Reliance’s hypermarkets. The first hypermarket to be opened in August would be at Ahmedabad while the second would come up two months later in Jamnagar. The next big activity in the retail space is the predicted acquisition of Piramyd Retail by the Aditya Birla Group. The Group had already acquired Trinethra Retail, in beginning this year. Piramyd Retail has seven Piramyd lifestyle outlets and around fourteen Trumart grocery shops around the country.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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