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Reliance Retail Q4 profit up 77 per cent

For the fourth quarter Reliance Retail’s profit before depreciation, interest and taxes (PBDIT) rose 77 per cent. PBDIT for the financial year 2019 grew by 145.2 per cent year-on-year as against the previous year. Reliance Retail has become the first Indian retailer to cross more than 10,000 stores. It currently operates 10,415 retail stores in over 6,600 cities covering an area of over 22 million sq ft. Reliance Retail has added 510 stores during the fourth quarter and 2,829 stores during the entire fiscal year. The company’s growth momentum continued in the grocery consumption basket with strong like-for-like growth across Reliance Fresh, Smart and Reliance Market stores in the fourth quarter.

Reliance Retail, India’s largest retailer by revenue and profitability, has grown over 45 per cent annually for the last five years. For fiscal ’19, Reliance Retail added 81 new stores in the grocery consumption basket taking the total count to 612 Reliance Fresh, Smart and Reliance Market stores. During the year, Reliance Retail opened 76 new digital stores, 2,219 Jio stores and operates more than 8,000 digital and Jio stores put together. Reliance Retail has acquired all rights, titles, interest, trademarks and intellectual property for the brand John Players from ITC.

 

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Campus Sutra targets growth through product, retail expansion

Campus Sutra targets growth through product, retail expansion

“We keep pushing the envelope and introduce newer and better version of our products every season,” notes Aditya Agarwal, Co -Founder. “This season, we are focusing on technologies like UV... Read more

Asics expanding product range and retail network

Asics expanding product range and retail network

Rajat Khurana, Managing Director-Operations, Asics feels, yoga pants and gym clothes have taken over the mainstream apparel sector and are even threatening to dethrone denim as the go-to basic. The... Read more

Smag introduces athleisure series, expects 40 per cent market growth

Smag introduces athleisure series, expects 40 per cent market growth

Celebrating 10th year of its establishment, Smag Retails is introducing an athleisure series in sweat shirts and knitted coats in blazer categories. “Sweat shirts and jackets are in demand,” notes... Read more

H&M India sales cross Rs 1,100 crores

H&M India sales cross Rs 1,100 crores

H&M has crossed Rs 1,100 crores in sales in India during the year ended November 2018. The Swedish fashion retailer entered India in October 2015. The company has been lucky... Read more

Numero Uno looking to create meaningful classic products

Numero Uno looking to create meaningful classic products

In its S/S ’19 collection, Numero Uno focuses on macro trends. For example, Feeling Natural, is a theme inspired by nature, with its slubby, injected textures and home -spun structures in... Read more

Myntra chalks out new strategies to drive growth

Myntra chalks out new strategies to drive growth

A lot is taking place at Myntra. Firstly, the e-commerce company plans to move out of its current Bengaluru office in the next few months. Its parent company Flipkart Group... Read more

I Wear Me nurturing organic concept through retail and product expansion

I Wear Me nurturing organic concept through retail and product expansion

“India is still warming up to the idea of organic,” says Hina Palkar, Director, I Wear Me, a premier T-shirt brand that offers 100 per cent organic cotton tees. “Although... Read more

A promising season ahead for Oner with new collections

A promising season ahead for Oner with new collections

As per Rishav Jain, Managing Director of Oner, “T-shirts are the universal choice of women across the world due to their comfort and moderate pricing.” The brands summer collection 2019-20,... Read more

Pepe Jeans’ new collection to make customers cozy and stylish

Pepe Jeans’ new collection to make customers cozy and stylish

The upcoming autumn/winter 2019 collection of Pepe Jeans India focuses on making customers feel cozy. The collection through its cappuccino, forest green, ochre, pops of orange, blue and grey tones... Read more

New innovations to fuel Duke’s market growth

New innovations to fuel Duke’s market growth

Drawing inspiration from European Fashion, Duke Fashions India recently introduced light weight sweaters, quilted interlocks and fancy jacquards. The brand, which emphasises equally on fashion and functionally, targets 30 per... Read more

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