Reliance Retail’s first hypermarket – Reliance Mart – is ready to open its doorways in Ahmedabad quickly. The corporate expects to open 25 such shops by December 2007.
“Reliance Mart positioned on SG Freeway in Ahmedabad occupies an space of 1.65 lakh sq ft in 3 flooring. The shop will inventory over 80,000 items in a wide range of items starting from vegetables and fruit, and grocery to attire, durables, stationery, toys and music,” an organization spokesperson informed IndiaRetailing.
The hypermarket can have giant sections for attire, that includes personal labels in addition to a spread of mid-priced manufacturers. Nonetheless, Mart won’t inventory costlier manufacturers of males’s put on because the hypermarket is modeled on a reduced format. There will even be a big part devoted to client durables and IT merchandise.
It’s discovered that Reliance Retail has bought land within the measurement of 40,000-50,000 sq ft in Bengaluru, New Delhi/NCR and Gujarat. All different shops are anticipated to be smaller than Reliance Mart in Ahmedabad.
In keeping with trade sources, the corporate has tied up with merchants and suppliers at larger margins than the market, however not as a lot as had been envisaged earlier. Reliance isn’t but sourcing items from China. Business sources mentioned the retailer goes gradual on imports from China except it ramps up volumes, as Chinese language suppliers work in giant portions – this can come for Reliance provided that Shops might be operational, trade sources mentioned.
The corporate already operates round 11 Reliance Contemporary shops in Ahmedabad.
– Vishnu Raajeev R, Bangalore Bureau