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Chinese smartphones rely on Reliance counters for better India presence

Chinese smartphone firms are increasingly relying on Reliance Retails distribution arm to reach stores in the hinterlands due to a slowdown in online sales. Xiaomis sub-brand Poco has forged a strategic partnership with Jio Mart Digital to distribute its devices to around 80,000 retail stores across the country. This comes as offline retail channels accounted for 61% of sales in the first quarter of 2024, up from 56% in the previous three-month period. Xiaomi and Transsion saw the fastest growth...
Andhra Pradesh New Delhi Jio Mart Shilpi Jain Pradipta Patra Counterpoint Research

Budget 2024: The budget may be interim but retailers have a red alert

The interim budget for FY25, which will be presented on February 1 after the Lok Sabha elections, is likely to stay on the fiscal course-correction glide path and avoid populist spending. However, the retail industrys message of slowing consumption cannot be ignored. Indias top retailers have slowed down their store expansion this fiscal year due to a sharper focus on profitability and lower-than-expected consumption levels. Retail sales have also been affected, with a growth of only 7% in Octob...
Dhairyashil Patil Aasif Malbari Lok Sabha Abneesh Roy Rajani Sinha Lalit Agarwal

Budget 2024: The budget may be interim but retailers have a red alert, ET Retail

Budget 2024: The interim budget for FY25, which will be presented on February 1 after the Lok Sabha elections, is likely to stay on the fiscal course-correction glide path and avoid populist spending. However, the retail industrys message of slowing consumption cannot be ignored. Indias top retailers have slowed down their store expansion this fiscal year due to a sharper focus on profitability and lower-than-expected consumption levels. Retail sales have also been affected, with a growth of onl...
Lok Sabha Budget 2024 Interim Budget Interim Budget 2024 Union Budget Union Budget 2024

Reliance Retail opens Metro Cash & Carry stores to all; to also continue wholesale biz from outlets for B2B customers, ET Retail

Reliance Retail: Reliance is going to start expansion of the business which will continue to run under the Metro brand name for a couple of years under the deal. It has opened a new store in Patiala, will convert a few of its existing dark stores for new and e-commerce into such outlets, and organically build some newer ones with plans to open 40 such new stores in the next few months, the executives said.
Metro Cash Reliance Retail Reliance Stores Metro Retail Reliance Retail Ventures Metro Cash Amp Carry India

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metro: Reliance Retail opens Metro Cash & Carry stores to all; to also continue wholesale biz from outlets for B2B customers

Reliance is going to start expansion of the business which will continue to run under the Metro brand name for a couple of years under the deal. It has opened a new store in Patiala, will convert a few of its existing dark stores for new and e-commerce into such outlets, and organically build some newer ones with plans to open 40 such new stores in the next few months, the executives said.
West Bengal Reliance Retail Metro Cash Reliance Retail Ventures Carry India Reliance Stores

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