Reliance Retail

Retail Layoffs: A Catalyst for the Rise of Micro-Entrepreneurs and Franchising

Beny Sachdeva Sep 02, 2024 - 4 min read

In the wake of rising unemployment, the dynamics of the job market are shifting significantly. Gaurav Marya, Chairman of Franchise India Holdings Limited, sheds light on how retail layoffs are contributing to a surge in micro-entrepreneurship and franchising. The current economic landscape, marked by a 9.2% unemployment rate as of June 2024 according to the ...

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Country's leading retailer Reliance Aims to Double Retail Business in 3-4 Years

TFW Bureau Aug 29, 2024 - 2 min read

Reliance is aiming to double its business in next three to four years, its Director Isha Ambani said at the AGM. For the financial year ended on March 31, 2024, Reliance Retail recorded a gross revenue of Rs 3.06 lakh crore (USD 36.8 billion), recording a growth of 17.8 per cent over the last year. ...

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Reliance Retail and Clarks End JV

TFW Bureau Aug 23, 2024 - 2 min read

Reliance Retail and UK-based footwear giant Clarks have ended their two-year joint venture, marking a significant shift in the retail landscape. The decision comes amid substantial disagreements over various terms of their partnership, according to sources familiar with the situation. As a result of the termination, Clarks will be closing all its stores in India, a ...

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India Retail Market to Reach $1.4 Trillion by 2027: Reliance Report

TFW Bureau Aug 10, 2024 - 3 min read

 The Indian retail market is one of the fastest growing markets in the world, expected to cross USD 1.4 trillion by 2027, said the latest annual report of Reliance Industries (RIL). RIL operates the country's leading retailing firm Reliance Retail.India is poised to become the third-largest retail market by 2030, the report said adding the ...

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Uncertainty Surrounds Future of 24Seven Stores: Will 7-Eleven Step In?

Beny Sachdeva Aug 07, 2024 - 2 min read

While there is no confirmed information yet about whether 7-Eleven, operated by Reliance Retail, will acquire the closed 24Seven stores owned by Godfrey Phillips India Ltd. However, there may be ongoing discussions. The future of the 24Seven chain remains uncertain. Established in 2005, 24Seven had nearly 145 stores operational until last week across the Delhi-National ...

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Growing at 18%, Reliance Retail's revenue to surpass Rs 3 lakh crore in FY24

TFW Bureau Apr 23, 2024 - 1 min read

Reliance Retail Venture Ltd (RRVL), the retail arm of billionaire Mukesh Ambani-led Reliance Industries, on Monday reported a 17.8 per cent increase in its annual revenue at Rs 3.06 lakh crore in FY24. In the fourth quarter ended March this year, Reliance Retail's consolidated gross revenue stood at Rs 76,627 crore, up 10.62 per cent ...

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Boom in Holy City Retail as Spiritual Tourism Soars

TFW Bureau Mar 28, 2024 - 6 min read

CBRE South Asia has announced the findings of its report, ‘Decoding Real Estate through the Spiritual Tourism Lens’. The report highlights retail chains capitalizing on the surge in spiritual tourism across 14 key cities in India. As more pilgrims and spiritual seekers visit holy cities in India, retail brands across segments, including fashion & apparel, ...

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