Reliance Retail - Another giant!!
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Category: Investment Ideas - Creating winning portfolios!
Forum Name: Large Cap Blue Chips
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Printed Date: 28/Apr/2024 at 12:24pm
Topic: Reliance Retail - Another giant!!
Posted By: CHINKI
Subject: Reliance Retail - Another giant!!
Date Posted: 23/Aug/2007 at 12:37pm
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A Retail University from Reliance by 2008-09
Close on the heels of Bharti Enterprises setting up a joint venture with the Chandigarh-based Global Retail School (GRS) and Pantaloon Retail (Future Group) tying up with the Mumbai-based Welingkar’s Institute to offer training courses in retail management, Reliance Retail, the wholly owned retail arm of the Mukesh ambani owned Reliance Industries, has decided to set up a retail university by 2008-09, reports PTI. Besides, Bharti and Pantaloon, even RCOM, Times Business and NIIT have also jumped in to the fray and have decided to offer courses in retail management in joint venture with leading colleges and universities. The move comes in the wake of acute shortage of skilled manpower required by the sector. The problem is going to only accentuate in the coming months as new mega retail chains among others of Birlas and Bhartis begin rolling out on a large scale. Reliance has already is already begun discussions for sewing up tie-ups with various learning partners, who will help in developing curriculum on retail that is suitable for the requirements of the industry. “Once big retail format stores like RelianceMart kick off in large numbers, which we expect to happen by 2008-09, the retail university will also start,” said Bijou Kurien, President and Chief Executive Officer, Lifestlyle (RRL), Reliance Retail. He was talking on the sidelines of CII Marketing Summit in Delhi on Tuesday. The courses on retail would focus mainly on requirement of the front-end operations although lessons on back-end processes would also be imparted, added Kurien, while talking about course content. University will set up many study centres at different locations depending on the presence of large stores, he added. Over 2.5 lakh new jobs, according to expert estimates, are expected to be offered by the sector, in the next two years and around three fourth of these will be for manning front-end of the business. The Bharti-GRS joint venture, in which Bharti apart from providing support on developing course content, will also hire the skilled personnel, has decided to set up 60 training centres across the country, during this year. SOURCE: http://www.indiaretailbiz.com/blog/2007/08/22/reliance-retail-to-set-up-a-retail-university-by-2008-09/ - INDIA RETAIL BIZ ------------- TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO |
Replies:
Posted By: CHINKI
Date Posted: 23/Aug/2007 at 12:48pm
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Shree Ram Mills to house RIL’s first hypermarket
Mukesh Ambani has chosen the sprawling Shree Ram Mills property at Lower Parel in central Mumbai to launch Reliance Retail’s first hypermarket (discount store) in the city. Reliance’s four-storey office building at Shree Ram Mills compound will be converted into a mega store, which will be located close to Pantaloon’s Big Bazaar discount store at Phenoix Mills. Reliance Retail, which ventured into hypermarket business by opening a 1.65 lakh sqft store in Ahmedabad last week, plans to start the construction of hypermarket shortly, according to industry sources. A Reliance group spokesperson declined to comment on the issue. Reliance group executives will be moved out of Shree Ram Mills building to the new swanky corporate office at Koperkhairane in Navi Mumbai. “Around 700 employees are now housed at the property. Some people have already moved out,” said the source. Before the split of Ambani brothers, Reliance Infocomm’s (now Reliance Communications.) corporate office used to function from the building. Reliance had bought the property from Kasliwals eight years back. Post split, the property went to Mukesh Ambani group. Reliance Retail is planning to build a 50000-60000 sqft store at the location which is fast transforming into Mumbai’s corporate hub. SOURCE: http://www.hindustantimes.com/StoryPage/StoryPage.aspx?id=d6fb591f-85d4-4b76-af1f-9f5968fb49c2&&Headline=Shree+Ram+Mills+to+house+RIL%e2%80%99s+first+hypermarket - HINDUSTAN TIMES ------------- TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO |
Posted By: CHINKI
Date Posted: 23/Aug/2007 at 4:48pm
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Mayawati orders big retailers to shut shop
The Uttar Pradesh government today ordered closure of all retail stores of big corporates, including those of Reliance Fresh and Spencer's, in Varanasi and the state capital. Chief Minister Mayawati announced the decision at a press conference. The move comes in the wake of an attack on Reliance Fresh and Spencer's stores by traders led by a Samajwadi Party MP in Lucknow yesterday -- soon after the inauguration of 10 Reliance Retail food stores across the city. When contacted, a Reliance Retail spokesperson declined to comment. SOURCE: http://www.business-standard.com/common/storypage_c_online.php?leftnm=11&bKeyFlag=IN&autono=26826 - BUSINESS STANDARD ------------- TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO |
Posted By: CHINKI
Date Posted: 23/Aug/2007 at 5:45pm
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That's for sure. Everybody wants their pound of flesh (M..?).
In an article it is mentioned that farmers in Jharkhand are protesting against Traders who are opposing the entry of Corporates into Retail marketing. Everybody knows that Organised Retail will benefit Farmers and Consumers. Both these people have been continuosly exploited by traders. Can somebody imagine this??? There is a place called Hoskote hardly 25KM from Bangalore. Here farmers were throwing tomatoes on road as they were not getting good price. Infact many of them were leaving as it is in the market as storing/selling would have cost them additional money. We in Bangalore are paying more than Rs.20/- per KG at the same time. So naturally traders doesn't want to concede their so call birth right to exploit farmers as well as consumers. ------------- TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO |
Posted By: PKB2000
Date Posted: 25/Aug/2007 at 12:36pm
With whom Mukesh Bhai will discuss– Him or Her! Mr. Amar Singh expects for a meeting So shrewd can they be (politicians)! One smell of early elections and welcomes chaos in law and order to regain its popularity (and something extra from Mukesh Bhai), the other one becomes more clever and shut up the noise (and now will ask for more extra from--). Aab tera keya hoga Kalia, Kiske sath baat kare! ------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: CHINKI
Date Posted: 29/Aug/2007 at 11:49pm
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Reliance’s retail plans for Bengal on, First store to be operational in 2 months
Kolkata, Aug. 28 Reliance Industries Ltd has no plans to suspend its retail operations in Kolkata and West Bengal. The company expects the first store to be operational in next two months. For further details click here: http://www.thehindubusinessline.com/2007/08/29/stories/2007082951910500.htm - THE HINDU BUSINESS LINE States cannot shut down retail stores, says Pawar ‘Closure can be for a short period to maintain law & order’ New Delhi, Aug. 28 In a move supportive of organised retail trade expansion in the country, the Union Agriculture and Consumer Affairs Minister, Mr Sharad Pawar, said on Tuesday that States could not close down any establishment on a permanent basis unless there is violation of law. For more informations, click here: http://www.thehindubusinessline.com/2007/08/29/stories/2007082952670100.htm - THE HINDU BUSINESS LINE ------------- TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO |
Posted By: CHINKI
Date Posted: 29/Aug/2007 at 10:15am
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Looks like farmers will also get into road supporting Retail. Read the following article:
http://www.ibnlive.com/news/up-farmers-up-in-arms-in-support-of-reliance-fresh/47699-7.html - UP farmers up in arms in support of reliance fresh ------------- TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO |
Posted By: basant
Date Posted: 29/Aug/2007 at 10:38am
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Nothing can stop an idea whose time has come. It also shows how market forces are far above any Govt. or external agency. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: CHINKI
Date Posted: 29/Aug/2007 at 10:57am
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It is not only in Retail but everywhere these Politicians create all the problems.
Infact if they don't do it, nobody will care for them. Imagine, once the organised retail is established in the country, all the farmers would be getting technology support, fertilisers, hybrid seed and everything from them. In return, they will give them the crops at the predetermined prices. Then they will not look for Govt. for any support price, fertilisers and so on. I was also told by one of banker friend that based on the commitment received from the retail regarding Predetermined price, they can avail crop loan for nationalised/rural banks. This will avoid them going to moneylenders. One can imagine how this will improve their conditions. May be Govt. schemes are good, but exploited to the maximum by the middlemen with the support of politicians. The reality is their conditions are worsening even after 60 years of Independence. Who knows, may be ORGANISED RETAILING may change the same. ------------- TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO |
Posted By: gcpradhan1
Date Posted: 29/Aug/2007 at 11:25am
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One more good news for the Retail Movement in India : WB CM asks for strict actions against the offenders !!
KOLKATA: The Buddhadeb Bhattacharjee government on Tuesday signalled stern action against Forward Bloc supporters who vandalised Reliance Fresh outlets, a move that might widen the rift between CPM and its Left Front partners.
Chief secretary Amit Kiran Deb said the government had decided to pursue FIRs filed by Reliance officials following the recent attacks at Girish Park in the city and Seoraphuli in Hooghly. "We will follow up the FIRs lodged in these two incidents," he said. ................. Source : ET
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Posted By: vip1
Date Posted: 30/Aug/2007 at 12:19pm
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Nothing can stop an idea whose time has come. It also shows how market forces are far above any Govt. or external agency.
Buyer - Consumer(Mia) Seller - The Farmer(Bibi)
kazi( Government(includes Politiciansand Bureacracy , Middlemen )
Its a game of patience.
Jab Miya , Bibi Razi to Kya aur Kab Tak Rokega Kazi?(Modified)
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Posted By: basant
Date Posted: 30/Aug/2007 at 12:29pm
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Good one VIP1 ab milega bilkul fresh bhaaji!!! ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: vip1
Date Posted: 30/Aug/2007 at 12:44pm
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I feel the Biggest threat to the Middlemen and Goverment is Empowerment of the farmer . Rise in his income will lead to
a) Independence from local money lender , Zamidars and Middle man and finally the politician who fixes his price of selling his produce.
b) this will lead to more disposable income to be spent on education. health.
c) Rising incomes will break caste/ Social barriers !
D) Loss of vote bank for the Politician becuse of this new found freedom/education /awareness .
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Posted By: ndzapak
Date Posted: 31/Aug/2007 at 5:09pm
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Reliance Hypermart in Ahmedabad : First Impressions
Had a chance to visit it last sunday, the store was chock-a-block with people.
Interesing tidbits : Pharmacy and Wellness counter Reliance Finance counter, was on the same floor as the furniture , consumer durable section. Lots of billing counters.
------------- the Equitydesk is the best |
Posted By: kulman
Date Posted: 01/Sep/2007 at 9:13am
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Reliance Mart has bet on the value platform and its private labels to drive sales. K. Radhakrishnan, CEO, Hypermarkets, Reliance Retail, told Business Line that the Ahmedabad store, spread over 1.65 lakh sq ft with a staff of 550
The store stocks a high proportion of private labels in select categories such as apparel, grocery, staples, (atta, sugar, tea under the Select and Value labels) footwear and watches. Apparel, he said, is being positioned as a big differentiator where 50 per cent of the stocks are private labels with only half being made up by brands, again only those perceived as value brands. Footwear has 90 per cent private labels and watches 15 per cent. Prices, he pointed out, are extremely competitive, with shirts and jeans being offered for Rs 199 and t-shirts for Rs 99. The Mart also stocks wrinkle-free shirts and trousers for Rs 599. Companies such as Celebrity Fashions, among others, which markets the Indian Terrain apparel range, supply to Reliance under its private label called Spirit. Arvind Mills too, for instance, has supplied a denim label to the Mart. “Now all the templates for the expansion will flow from this store,” said Radhakrishnan. The next hypermarket will come up in Jamnagar, followed by stores in the NCR region, Hyderabad, Tirupathi, Vijaywada, Pune and Ludhiana. These stores will be smaller, in the range of 20,000 sq ft to 40,000 sq ft. “There will be 30 Marts by year-end,” he emphasised. The store saw record sales of over Rs 60 lakh on the first day and Radhakrishnan said that Mart should see an operational breakeven in about three months time. The store is averaging 7,000 bills a day. Elaborating on all its formats, it says that Reliance plans to have 100 million sq ft of retail space in the next three to five years and targets Rs 12,000 per sq ft per year for hypermarkets with an EBIDTA margin of 8 per cent.
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Posted By: vip1
Date Posted: 02/Sep/2007 at 12:38pm
| Elaborating on all its formats, it says that Reliance plans to have 100 million sq ft of retail space in the next three to five years and targets Rs 12,000 per sq ft per year for hypermarkets with an EBIDTA margin of 8 per cent. That makes for a Turnover of Rs 1,20,000 crore and EBITA of 10,000 crores , by 2012! |
Posted By: kulman
Date Posted: 02/Sep/2007 at 12:51pm
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These guys really know how to execute mega plans. By 2012, there would a separate Index to track Retail sector stocks (like the one now for realty). It's good news for other players who are able to survive.
Anyone tracking Piramyd Retail?
 ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: basant
Date Posted: 02/Sep/2007 at 1:25pm
Putting an EV/EBIDTA of 15 times this comea to Rs 150,000 crore market cap! This is not there in Reliance's price as of now. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: vip1
Date Posted: 02/Sep/2007 at 1:44pm
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Putting an EV/EBIDTA of 15 times this comea to Rs 150,000 crore market cap! This is not there in Reliance's price as of now.
Right Basant, now you can see that the Movie has just started!
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Posted By: tyler_durden
Date Posted: 02/Sep/2007 at 1:45pm
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only best thing about it is...chances of posting a turn-around...recently birla had shown initial interest in it but then it didn't materialised.....
but investing based on poorly managed expectations is dangerous... ------------- If you aren't fired with enthusiasm, you will be fired with enthusiasm. |
Posted By: tigershark
Date Posted: 02/Sep/2007 at 5:24pm
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just like the pyramid of giza this one also will be history mate! ------------- understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things |
Posted By: tyler_durden
Date Posted: 02/Sep/2007 at 6:35pm
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pyramid of giza has stood for centuries...and this piamyd will not stand even few bad years.... kings were burried in pyramids of giza and here investors will be burried... ------------- If you aren't fired with enthusiasm, you will be fired with enthusiasm. |
Posted By: CHINKI
Date Posted: 06/Sep/2007 at 5:42pm
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Reliance Retail to re-open in Lucknow
Reliance Retail stores in Lucknow and other cities of UP are likely to resume operations soon because the UP government today indicated the closure order on the retail chains might soon be lifted. “All the issues relating to the retail industry and the closure of the Reliance stores are being looked into and a decision can be taken in three days,” said Cabinet Secretary Shashank Shekhar Singh here today. The UP government on August 23 had ordered the closure of the retail stores of Reliance, after trader organisations affiliated to the Samajwadi Party targeted the stores in Lucknow and Varanasi. The cabinet secretary said obstacles likely to be faced by the retail companies in procuring agriculture products directly from farmers after the rollback of the Ordinance for amending the UP State Agriculture Produce Marketing Board Act were being looked into. He said the issue would be worked out in 20 days and there would be a decision this month. SOURCE: http://www.business-standard.com/common/storypage_c.php?leftnm=10&autono=297009 - BUSINESS STANDARD ------------- TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO |
Posted By: SVHAPPY
Date Posted: 06/Sep/2007 at 10:17pm
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While everybody is ga ga over corporate retail stores, I feel following dangers:
Advent of Internet shopping is the next thing in 5-10 years. Where do these malls go then?
 First, charm of a big mall. Then, addiction. Then, spiralling cost with inflation. Will these malls remain affordable in times to come? Even at todays' prices, some malls are beyond reach of middle class.
Can somebody work out some economics for me? ------------- Nobody, other than you, can protect your money !! |
Posted By: xbox
Date Posted: 06/Sep/2007 at 5:34am
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Retailing is low margin business. Best avoidable unless available at steep discount. ------------- Don't bet on pig after all bull & bear in circle. |
Posted By: CHINKI
Date Posted: 06/Sep/2007 at 7:55am
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Retailing is low margin business. Now doubt. But see how these retailers are converting footfals for other products sales. Take for example, Pantaloon, they are getting into
- Credit - Media advertisement - Insurance In these businesses, margin is higher and in most of the cases, the income earned will directly goto their bottomline as expenditure would be less. When Future Capital started their business, one of the banker is commenting that - since it is not a bank, it is not bound by RBI rules like CRR and so on - they can start any no. of branches - eventhough cost of money may be higher by 2%, their distribution cost will be nil as customers would be coming to the mall These business will form a moat around the main business "RETAIL" ------------- TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO |
Posted By: xbox
Date Posted: 06/Sep/2007 at 9:40am
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Chinki jee, you complemented my point of view. Thanks!! Cream of retail lies in financial part of whole very complex system. ------------- Don't bet on pig after all bull & bear in circle. |
Posted By: gcpradhan1
Date Posted: 06/Sep/2007 at 10:00am
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Let me put few lines regarding the retailing business in Japan. Here almost 90% of the day to day articles are purchased from Malls like Big Bazar. These Malls have almost all the articles, from electronics to vegratables and flowers and Air Tickets. And there are many such chains operating here and they cater to different strata of the soacial class.There are Malls like Daiei, which cater to Middle class and there are other Malls like Daimaru and Sogo which cater only to upper middle class and upper class society. The Malls which are concentrating on the middle class population are generally doing good businesses. But the high end Malls are less crowded, coz the price is very high. One more interesting thing is that the Malls like Daiei those who caters to Middle class, import most of their goods, even vegetable from China or other low price countries. But the high end malls used to have Japanese made goods or goods made in Europe or US. Therefore, what I think is in India, the ratail chain which will concentrate on the mass population of middle class they will be the winner in long run. So far as Pantaloon Retail is concerned, till now they are able to attract the average middle and upper middle class population.But with the retail sector boom many more big players are coming to the scene. Let us see who is the winner !!
And as long as our PRIL Teddy could managed to get some 10/15 of the total Indian Retail Pie, we need not to worry about our investment.
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Posted By: deveshkayal
Date Posted: 15/Sep/2007 at 12:31pm
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RIL has invested Rs.3390 crore as fully paid equity shares in Reliance Retail. More is on the way. The annual report also reveals that the company is still ploughing more equity in the company. It has partly paid Rs.610 crore, amounting to Re 1 paid-up share. ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: ndzapak
Date Posted: 17/Sep/2007 at 10:12pm
This is quite interesting. http://feedblitz.com/r.asp?l=17540336&f=20646&u=5378446 -
Source: VCcircle.com ------------- the Equitydesk is the best |
Posted By: kulman
Date Posted: 17/Sep/2007 at 12:06pm
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For Reliance group, which is planning a nationwide network of retail chains, there is synergy in investing in such a company. ----------------------------------------------------------- Interesting one. Looking firsthand at LocaModa's wepages, the model makes more sense for the younger brother Anil bhai.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: xbox
Date Posted: 17/Sep/2007 at 5:17am
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Sometimes, I feel ...
If somebody has to buy India, just buy all those reliance stocks.
* These brothers have desire to become inseparable part of world economy & I have no reason to believe why they can't do so.
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Posted By: vip1
Date Posted: 17/Sep/2007 at 9:55am
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Sometimes, I feel ...
If somebody has to buy India, just buy all those reliance stocks.
True , There is no Rocket Science , the 2 Brothers represent all the growth sectors of the BSE index why look anywhere else ?
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Posted By: s_praharaj
Date Posted: 18/Sep/2007 at 11:25pm
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very well said xbox about reliance.
I have a very few shares of Reliance in my portfolio. I have not made any research in buying those. It is just lying like that in my portfolio. But I have got the highest return from Reliance. With lot of research, time and what not, all other stocks are laggards compared to Reliance. ------------- Shashi Praharaj |
Posted By: gcpradhan1
Date Posted: 18/Sep/2007 at 8:03am
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MUMBAI: Reliance Retail (RRL), the wholly-owned subsidiary of Reliance Industries (RIL), has posted a net loss of Rs 10.9 crore in the first year of its commercial operations, the latest annual report of RIL says. The loss was on a total income of Rs 259.85 crore. RRL became a subsidiary of RIL in February 2006 with a stake of 98.74%. ............
Details at http://economictimes.indiatimes.com/News/News_By_Industry/Services/Retailing/Reliance_Retail_posts_Rs_11-cr_loss/articleshow/2381536.cms - http://economictimes.indiatimes.com/News/News_By_Industry/Services/Retailing/Reliance_Retail_posts_Rs_11-cr_loss/articleshow/2381536.cms
Source : ET
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Posted By: kulman
Date Posted: 18/Sep/2007 at 9:44am
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Here's some more from that article.....
http://economictimes.indiatimes.com/ET_Updates/Reliance_Retail_posts_Rs_11-cr_loss/articleshow/2381540.cms - Reliance Retail posts Rs 11-cr loss
Reliance Retail, which opened its first outlet in Hyderabad last year, is still in the roll-out phase and plans to set up about 5,000 stores of various formats by 2009. The losses, analysts say, is on account of heavy investments in the initial phase of operations. “RRL will get the first mover advantage and will be the first one to break even in the organised retail sector,” a Mumbai-based analyst tracking RIL said.
RIL chairman Mukesh Ambani announced the company’s ambitious plans to set up a pan-India footprint of multi-format retail outlets including convenience stores, hyper markets, speciality stores and super markets in more than 1,500 cities and towns. The company plans to invest Rs 25,000 crore and employ more than five lakh people. “Currently, over 300 Reliance Fresh outlets have been opened to the customers. Additionally, the first speciality stores dealing in electronics and consumer durables named Reliance Digital and India’s largest hypermart called Reliance Mart also opened to a tremendous customer response,” Mr Ambani said in a letter to shareholders. The support infrastructure including farmer collection points, distribution centres and logistics network is being developed to keep pace with the stores, he added. RIL’s latest annual report also states that RRL has a Rs 4,051-crore capital with negative reserves of Rs 10.90 crore. RRL has made investments worth Rs 365.18 crore as on March 31, 2007. RRL also launched its B2B initiative called Ranger Farms to cater to the small retailers in Hyderabad. The company introduced its private label in the staples category under the “Reliance Select” brand name. RRL introduced the loyalty programme for its customers called “RelianceOne” and has enrolled more than one million members within the first five months of its operations. During the year, six subsidiaries of RRL namely Reliance Retail Concepts and Services (India), Ranger Farms, Reliance Retail Insurance Broking, Reliance Dairy Foods, Reliance Retail Finance, RESQ became the subsidiary of parent firm RIL. “Our focus this year will be on the rapid roll-out of Reliance Fresh and hypermarkets in various parts of the country. Apart from these formats, we will also open newer formats in select cities and towns,” the annual report says. ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: deveshkayal
Date Posted: 19/Sep/2007 at 11:45am
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Mukesh Ambani-promoted Reliance Retail’s plans to enter the travel space is gaining momentum. The company has applied to the International Air Transport Association (IATA), the industry body for accreditation and registration of travel agents and airlines, for starting a travel agency outlet in Mumbai. The company plans to be in the entire gamut of travel-related business offering services like ticketing, hotel rooms, holiday packages, travel insurance, car rentals, among other products. Sources in the travel and airline business told ET that Reliance Retail has drawn out plans to set up 140 travel outlets in India and abroad.
Even though a senior IATA executive confirmed the development, a Reliance spokesperson declined to comment. It usually takes up to two months for accreditation formalities to get completed.
As part of Reliance’s retail strategy, they now want to tap the tier II and III towns in India by providing them access to superior travel services,” an industry source revealed. Reliance Retail operates around 225 outlets through various formats, including Reliance Fresh, Reliance Digital and Reliance Hypermarket. ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: basant
Date Posted: 20/Sep/2007 at 1:03pm
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The target is to sell anything to any customer who walks into the store - from the needle to the sword! ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: smartcat
Date Posted: 20/Sep/2007 at 4:37pm
Not bad huh? Generating a revenue of Rs. 260 crores selling brinjals, potatoes and cabbages?
Now if you make some simple extrapolations and assumptions, we'll have an idea about what kind of turnover Reliance Retail will see in the future.
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Posted By: CHINKI
Date Posted: 20/Sep/2007 at 11:12am
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Reliance Retail's first apparel store soon
Reliance Retail will launch into the apparel market later this month, with the first of its 115 apparel stores opening in the national capital region this month end. Another 10 stores will be up and ready before the end of this year, a company official told Business Standard today. The Reliance apparel stores will stock all kinds of apparel, about 4,000 products across as many as 94 brands, manufactured exclusively for the company. The stores will have separate men's, women's and kidswear categories, the official said. The company has 211 designers and has tied up with a large number of apparel manufacturers for merchandise. Johnson & Johnson is one of the companies supplying kidswear. Consultancy firm KSA Technopak estimates the retail apparel market in India in the region of Rs 1 lakh crore (Rs 1 trillion), and the organised retail market at about 20 per cent of that. Some big international apparel and accessory retailers that have entered the Indian market are Diesel, Tommy Hilfiger, Esprit, Louis Vuitton, FCUK, Lee Cooper, Escada and Dunhill, some of them through the franchise route others by the single-brand retailing route. Reliance Retail has planned nine product formats. It is in the process of also launching Reliance Footwear, Reliance Lifestyle, Reliance Auto, company executive said. The company has already launched Reliance Fresh, the chain of fresh produce stores, Reliance Digital, a consumer durables and information technology store chain, and the Reliancemart hypermarket chain. While it has about 330 Fresh stores, it has just one digital store and one hypermarket so far. The company has also launched its B2B initiative, labelled Ranger Farms, that will cater to small retailers in Hyderabad. It has also introduced its own label in the staples category under the Reliance Select brand. SOURCE : http://www.rediff.com/money/2007/sep/21retail.htm - REDIFF.COM ------------- TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO |
Posted By: kulman
Date Posted: 21/Sep/2007 at 12:09pm
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.......Reliance Retail will launch into the apparel market later this month.....,
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Mukesh bhai wants to make a statement here...as Warren Buffet says about Fruit of Loom: "We cover asses of the masses!"
However, how those Shorts would cover their positions in Reliance & even R-ADAG group stocks??
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: CHINKI
Date Posted: 24/Sep/2007 at 8:23am
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NEW DELHI: Reliance Retail is in talks with the US-based Gap Inc, the world’s largest speciality retail chain, for a franchisee arrangement for Reliance Retail’s apparel business. Gap Inc operates four of the most recognised apparel brands in the world — Gap, Banana Republic, Old Navy and Piperlime. While Gap and Banana Republic are mid-premium brands, Old Navy caters to the price-sensitive market. Paperlime is a footwear brand which was launched in 2005. It is understood that in the first phase the arrangement with Reliance will only be for Gap and Banana Republic. Sources say that in the last five to six months, Gap Inc has been approached by over half a dozen wannabe partners. However, it has got into some serious deliberations only with Reliance. “In this case, the synergy are higher. The most important criteria that the brand has for India is the franchisee partner’s ability to operate on a big scale,” the source said. It is learnt that as of now, the top priority of Gap Inc is to consolidate the position of its two largest brands, Gap and Old Navy, in the existing markets and look for opportunities in emerging Asian markets. In 2006, the company’s management had put it on record that it was not satisfied with the overall performance of the two brands. There have been reports of PE funds looking at a buy-out of the brand as well. It was around that time that Gap started scouting for new opportunities. According to a source, the company is still not comfortable operating through franchisees and so doing risk analysis involved in this model. Franchising is still an insignificant portion of Gap’s business internationally, though there has been an increased emphasis of late. Starting 2006, the company has entered into franchise arrangements to operate stores in Singapore, Malaysia, UAE, Kuwait, Qatar, Bahrain, Oman, Indonesia and Korea. In the franchising model, choice of the appropriate partner is clearly the most important concern for the company. In its annual report of 2006, Gap says, “While we expect that this will be a small part of our business in the near future, we plan to increase the number of countries in which we enter into these kinds of arrangements over time as part of our efforts to expand internationally. The effects of these arrangements on our business and results of operations is uncertain and will depend on various factors, including our ability to successfully identify appropriate partners.” Though Gap does not have any presence in the Indian retail market yet, India has been one of the most prominent sourcing hubs for the retailer. SOURCE : http://economictimes.indiatimes.com/News/News_By_Industry/Services/Retailing/Reliance_Retail_in_talks_with_Gap_for_franchise/articleshow/2399646.cms - ET ------------- TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO |
Posted By: vivekkumar_in
Date Posted: 25/Sep/2007 at 11:52pm
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Reliance Fresh is under attack in Orissa too.. Protests against opening a store.. Already they are facing such hard time in Kerala & UP.. Are small isolated incidents ? Or are they facing such problems accross the country ? Is this a passing phase ? It is at least sane that Big Bazaars & Food Bazaars are not facing this apathy.. May be because Food Bazaars are not bottom feeders as Reliance Fresh and cater to a different customer group..Hence the veggie & fruit walas are most affected by Reliance Fresh.. Whatever it is it is not so good for Organized Retail.. With so much money & influence I wonder why Ambanis are not able to contain it (say buy off the protesting leaders).. ------------- Often we forget there's a company behind every stock,and there's only one reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies. P Lynch |
Posted By: smartcat
Date Posted: 25/Sep/2007 at 1:08am
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Very difficult to say - we can only make guesses and assumptions. Reliance is a big name that people can easily relate with. It takes very little for a few APMC traders to incite a small crowd of vegetable vendors (ably assisted by a big gang of local rowdies for hire). And politicians get into the picture to make sure they don't get into the wrong side of Rich Corporates Vs Poor Vendor "fight".
Food Bazaar doesn't have the name of 'Reliance' yet. They fly under the radar. When Food Bazaar opens a store, the press and the TV channels don't show it on TV. But if it was Walmart, it probably would have got the same treatment.
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Posted By: vivekkumar_in
Date Posted: 25/Sep/2007 at 2:27am
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m..that does make sense.. Also at pricing levels are Food Bazaars priced above mom& pop veggie stores ?
------------- Often we forget there's a company behind every stock,and there's only one reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies. P Lynch |
Posted By: kaushalchawla
Date Posted: 25/Sep/2007 at 5:57am
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Walmart also used to get the kind of reaction that reliance is getting....the public used to come openly for closing of their stores & closing of the launch of their stores... ------------- Warm Regards, Kaushal |
Posted By: smartcat
Date Posted: 26/Sep/2007 at 12:06pm
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Price comparison can be done meaningfully only for FMCG goods like soap and toothpaste on which MRP is printed by the company. For clothes and food items, it is close to impossible to make a comparison - because quality might be different and so will be the price. For eg - at both Kirana store and Food Bazaar, you will get rice from Rs. 12 to Rs. 20 per Kg. But who knows? Food Bazaar's Rs. 15 rice might be of higher quality than Kirana Store's Rs. 16 rice.
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Posted By: CHINKI
Date Posted: 26/Sep/2007 at 12:44pm
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That's true. Very difficult to compare the qualities as people of our generation rarely spend time in the shops.
By the by, it is not necessarily that materials at kirana shops costlier than Food Bazaar. During "BUY ONE GET ONE SCHEME", if you purchase materials worth Rs.6K, we were to get Rs.500/- worth 25KG Massorie Rice. As per them, it works out to Rs.20/- per KG. The same quality was available at Rs.15/- per KG from the Kirana Shop. Since it was coming free, we did not mind the price. ------------- TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO |
Posted By: CHINKI
Date Posted: 26/Sep/2007 at 8:52pm
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RELIANCE FRESH SET TO SHUT SHOP IN UP
The opposition to organised retail has claimed its first victim. Reliance Retail is likely to hand out termination letters to 1,000-odd employees of Reliance Fresh stores in UP in the course of this week as it prepares to formally exit the state. Bowing to mass opposition from local shopkeepers, the company will also close down 20 Reliance Fresh stores in Noida and Ghaziabad. A company insider said that Reliance Retail was being forced to exit UP owing to what he described as the “vindictive approach” of the state government. When contacted, a Reliance Retail spokesperson said, “We have no comments to offer at this stage.” At present, the company employs 2,800 people in the state, and operates 20 stores in Noida and Ghaziabad. Industry observers also describe Reliance’s step as a tactic move to put pressure on the state government to reverse its approach. While 1,000 people may lose their jobs, the company is likely to absorb the remaining employees. Reliance Fresh stores were also forced to close in Bhubneshwar by the local police on Tuesday, amidst protests by traders. Last week, traders had protested outside Reliance Fresh outlets in Delhi. The company had to shut down its Shakkarpur store in East Delhi for over an hour though it later re-opened. Last month, the company started operations in Lucknow and Varanasi with 14 stores, which had to be soon closed down following violent protests by local traders. After the protests, the state government instructed all standalone food & grocery stores run by corporates to close down. Despite this, the company was able to continue operations in Noida and Ghaziabad, part of the National Capital Region (NCR). However, due to frequent intervention by the local administration, which would ask the stores to suddenly down shutters, Reliance is planning to exit the market. Being the most populous state of the country, UP is clearly one of the most important consumer markets for any retail chain. Apart from the Noida and Ghaziabad, various studies have shortlisted six UP cities as the fastest growing retail destinations in India. These include Lucknow, Kanpur, Meerut, Agra, Varanasi and Allahabad. The strategic importance of UP for a large-scale retailer like Reliance is not limited to it being a large consumer market. The state is extremely important from the sourcing point of view as well. The Gangetic plain in the state is considered to be one of the most fertile agricultural belts in the country. Persistent lobbying by various pressure groups had convinced the Mayawati-government to make amendments in the state’s APMC Act and allow corporates to procure directly from farmers. However, this amendment was also not implemented following political opposition. Sources say that Reliance’s food & grocery business has been in the line of fire, because of the popular perception of Reliance being the most ‘powerful’ business conglomerate in the country. This is evident from the fact that widespread political protests to corporate participation in retail started only after Reliance announced its roll-out plans. Companies like Kishore Biyani’s Future group, Subhiksha and Spencer’s have had operations in this format long before without encountering major problems. Moreover, the positioning of the Reliance Fresh format (small convenience stores) puts it in direct competition not only with neighbourhood kirana stores, but also with small fruit and vegetable vendors. This makes the company vulnerable to political attacks. Clearly, one reason why Reliance is going slow in its retail plans in most parts of the country is that the company does not want to become a part of any political party’s poll-agenda. “It should not become an election issue,” said a source. SOURCE : http://economictimes.indiatimes.com/News_by_Industry/Reliance_Fresh_set_to_shut_shop_in_UP/articleshow/2403265.cms - ET ------------- TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO |
Posted By: CHINKI
Date Posted: 26/Sep/2007 at 10:09pm
| http://www.supplychains.in/en/art/?483 - |
Posted By: CHINKI
Date Posted: 26/Sep/2007 at 8:13am
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http://www.livemint.com/2007/09/27000917/RIL-Himachal-Futuristic-plan.html - The company is also said to be in talks with Railtel, PowerGrid and BSNL for leasing additional fibre lines
Mumbai: Mukesh Ambani-controlled Reliance Industries Ltd (RIL), India’s largest listed entity, is planning a tie-up with Himachal Futuristic Communications Ltd (HFCL) to roll out a 7,000km fibre optic cable project at a cost of Rs.1,200 crore. HFCL will lay the cable connecting RIL’s retail outlets. The company is also said to be in talks with Railtel, PowerGrid and BSNL for leasing additional fibre lines. These lines will be used for the company’s internal data traffic, sources close to the development said. RIL executives declined comment on the proposed tie-up but said that under the demerger agreement between the two Ambani brothers, Anil and Mukesh, it was free to provide any service to its staff for internal consumption. Reliance Retail, a unit of RIL, plans to set up around 4,000 theatres as part of its retail roll-out. ------------- TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO |
Posted By: Mohan
Date Posted: 27/Sep/2007 at 1:09am
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Interesting Partner in Himachal Futuristic. Maybe this is why this one is shooting up. ------------- Be fearful when others are greedy and be greedy when others are fearful. |
Posted By: smartcat
Date Posted: 28/Sep/2007 at 12:34pm
| I always assumed that if HFCL shoots up, then market is overvalued and is ripe for a crash/correction. |
Posted By: Mohan
Date Posted: 28/Sep/2007 at 12:54pm
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Give it some time to get into a euphoric frenzy first, where people start thinking that they missed this one..
------------- Be fearful when others are greedy and be greedy when others are fearful. |
Posted By: CHINKI
Date Posted: 01/Oct/2007 at 11:11am
| http://www.business-standard.com/compindustry/storypage.php?leftnm=1&subLeft=1&chklogin=N&autono=299958&tab=r - |
Posted By: kulman
Date Posted: 02/Oct/2007 at 10:07am
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Reliance Retail looking at finance, insurance, travel
The services will range from personal loans, insurance products to creating theme based holidays. Mukesh Ambani’s Reliance Retail plans to enter non-banking finance business (NBFC), besides insurance broking and travel services. These businesses will be set up, in the near future, as independent companies in the context of Reliance Industries venturing into a range of services as part of its retail operations. Reliance Retail Insurance Broking Ltd, Reliance Retail Finance Ltd and Reliance Travel will be the three new entities floated by Reliance Retail, a wholly owned subsidiary of Reliance Industries. Catering to customers who visit its stores, the retail company will offer services ranging from personal loans, insurance products to creating theme-based holidays . ------------------------- For those inteested, BizWorld has good article on http://www.businessworld.in/content/view/2592/2670 - Herd Mentality of corporates here. http://www.businessworld.in/content/view/2592/2670"> ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: kulman
Date Posted: 07/Oct/2007 at 1:48pm
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: tigershark
Date Posted: 07/Oct/2007 at 5:12pm
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a good example of EXECUTION RISK this is the biggest problem indian cos are going to face in order to maintain their growth rates any slippage will be dealt with severly on the stock mkts getting into unrelated businesses always comes with hard learned lessons.HAS ANYBODY WONDERED WHY WALLMART DIDNT GO EXPLORING FOR OIL IN TEXAS ------------- understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things |
Posted By: xbox
Date Posted: 07/Oct/2007 at 5:47am
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HAS ANYBODY WONDERED WHY WALLMART DIDNT GO EXPLORING FOR OIL IN TEXAS
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Ya. Becoz INFY convinced WALLMART that this sector is not good for both of us.
 |
Posted By: kulman
Date Posted: 08/Oct/2007 at 8:07am
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Reliance Retail has clinched an exclusive marketing and distribution deal with the $19.3-billion http://economictimes.indiatimes.com/News_by_Industry/Reliance_bags_marketing__distribution_deal_for_Apple/articleshow/2440929.cms - . This is Reliance Retail’s first exclusive alliance with an international brand. The partnership was sealed on Monday. The first store, to be called iStore by Reliance Digital, will come up by October-end in Bangalore. This is the first time Apple is tying up with a big corporate house for distribution anywhere in the world. The iStores would be standalone stores selling Apple products ranging from Macintosh computers to iPods and later, once it’s launched in India, the latest cult offering from Apple, the iPhone. The Mukesh Ambani-controlled Reliance Retail will open 10 iStores by the end of the calendar year. Apple would invest in market development, said sources. Confirming the deal, a company executive said the partnership will benefit both. While it would give Apple immediate presence and scale, it would give Reliance Digital mileage as the ‘stores would be co-branded’. Reliance Digital, the consumer electronics chain of the retail venture, so far has only one store which opened earlier this year in the NCR. ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: CHINKI
Date Posted: 10/Oct/2007 at 1:26pm
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BANGALORE: Current headcount status: 17,000. Year 2011: 5 lakh. Mukesh Ambani-led Reliance Retail’s HR story is just unfolding. With a hiring plan that is unprecedented in the Indian private sector, the company is looking at setting up a separate subsidiary for its people function. According to sources, the subsidiary, which is currently in the process of being incorporated, will take care of all recruitment needs of the newly set up retail chain. The retail major is looking to employ about 5 lakh people across functions in the next 3-4 years. The senior Ambani’s retail juggernaut intends to invest around Rs 25,000 crore for a pan-India footprint covering 1,500 cities and towns. Sources said recruitment of all the front-end staffing to logistics-related backoffice employees will be handled by this new subsidiary. The recruitments will include both permanent and temp staffing for the stores. Reliance Retail is currently scouting for technology partners for bolstering its HR system. According to HR analysts, the move for a subsidiary was driven by the fact that staffing was a non-core activity for Reliance Retail. Also, the huge numbers involved will help keep the service function inhouse and under Reliance’s control as opposed to going to various agencies for the task, they added. This is likely to bring down costs for the retail entity and serve as prudent financial management for Reliance. When contacted, a Reliance Retail spokesperson said the company was exploring various options. Reliance Retail was earlier thinking of setting up a centralised training hub, but is now looking at regional training hubs. For the record, Bharti Airtel had set up a wholly-owned subsidiary called Bharti Comtel (now Bharti Airtel Services) in 2006 to provide recruitment, payroll and performance management support to all Airtel verticals. Meanwhile, younger brother Anil Ambani is also reportedly keen on setting up a recruitment subsidiary for his Reliance Capital. SOURCE : http://economictimes.indiatimes.com/Retailing/Reliance_Retails_new_unit_to_handle_HR/articleshow/2444350.cms - ET ------------- TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO |
Posted By: kulman
Date Posted: 11/Oct/2007 at 8:43am
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Mukesh Ambani headed venture, http://economictimes.indiatimes.com/Reliance_Trends_store_plans_a_century_in_3_years/articleshow/2450452.cms - Reliance Trends opened its first specialty store in Gurgaon on Thursday . This is the first in the line of 100 stores that Reliance plans to open in next 3 years.
The store covering a spread of about 30,000 square feet of shopping area is all set to house over 300 brands under a single roof. What can be compelling for consumers is the pricing strategy adopted by the company to lure fashion freaks at lowest prices. ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: WallSt
Date Posted: 16/Oct/2007 at 11:28pm
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Market Scan Reliance, Citigroup Team Up For Consumer Credit Forbes.com staff 10.15.07, 11:38 AM ET
Reliance Retail is establishing a linkup with Citigroup for a nonbanking finance company that will mainly deal in loans and credit cards for the retailer’s customers, media reports here said. The investment is in the region of 4,300 to 4,500 million rupees ($109.44 to
$114.53 million), and Mumbai-based Reliance Retail, an arm of India’s largest company by market value, Reliance Industries, has reportedly floated an independent financial services division to provide retail loans to customers at the point of sale. It plans to offer 0% interest rates on certain transactions for goods from its stores. Reliance Retail plans to invest $5.5 billion on setting up stores across Indian cities. It has already set up around 340 such stores across various formats. The company says its loyal customers account for 20% of the total customer base. It set up its first store in the southern city of Hyderabad last November. Consumer finance is growing at rates in excess of 30% annually in India, with a majority of transactions in particular markets like automobiles being financed by loans. The size of the market is estimated at about $18 billion. But credit card market penetration rates are still relatively low, at about 1%. Reliance Money isn’t the first retailer to enter the consumer finance
business. Kishore Biyani’s Future Group launched a consumer finance initiative
in April called Future Money. The group’s hypermarkets, Big Bazaar, have a
partnership with Reliance Retail was recently forced to shut stores in some cities in northern India because of protests from small-scale retailers who said millions would lose their jobs because of the entry of organized retail. The retail market, estimated at $350 billion, is 97% controlled by mom-and-pop shops. At Reliance Industries’ annual general meeting last week, group chairman Mukesh Ambani http://www.forbes.com/markets/2007/10/12/reliance-industries-closer-markets-equity-cx_rd_1012markets13.html - defended the retail initiative and promised better prices for farmers than they get from traditional sources. Market sources confirmed Reliance Retail is also joining with -markets-equity-cx_rd_1015markets16.html?partner=yahootix |
Posted By: smartcat
Date Posted: 16/Oct/2007 at 11:58pm
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Not bad. Forbes is tracking Reliance?
Had Mukesh and Anil been like Ram and Lakhan, Reliance Retail would have tied up with Reliance Capital. Very tragic.
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Posted By: kulman
Date Posted: 20/Oct/2007 at 3:39pm
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http://www.thehindubusinessline.com/2007/10/20/stories/2007102051271200.htm - Reliance enters wellness format; opens outlet in Hyderabad
 The company, however, chose to keep it a low-key event, though the top brass of Reliance Retail’s Wellness vertical, including its Chief Executive Officer, was in the city on Friday as it unveiled the first Reliance Wellness outlet in the country, on Rajbhavan Road here.
Sources said the company would launch about 20 stores in the next few weeks in top cities such as Delhi, Jaipur and Mumbai. The Wellness outlet is home to some 5,000 products in different categories, including general nutrition, sports nutrition, skin and personal care, books, music and pharmaceuticals. Besides, it houses an optical shop backed by a qualified ophthalmologist to test and prescribe lenses. The store, which comprises a pharmacy, offers medicines and remedies in allopathic, ayurvedic and homeo medical systems. To attract customers, it introduces a ‘Medical Compliance Program’ for customers who are on long-term medication. “They would get reminders and alerts on the use and replenishments, if any,” a company executive said. Some of the freebies include a free health insurance cover under RelianceOne, the customer loyalty programme. Reliance Retail has tied up with ICICI Lombard General Insurance Company to offer group personal accident insurance policy. ------------------------------ Mere Papa ka sapnaa......har ghar mein ho mareez apna!------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: smartcat
Date Posted: 20/Oct/2007 at 3:45pm
They would soon go for backward integration. Whoever eats at 'Reliance Restaurant' (food sourced from Reliance Fresh) ends up at 'Reliance Wellness' to buy medications.
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Posted By: kulman
Date Posted: 20/Oct/2007 at 3:53pm
 ha ha ha
From Oil Well to Get Well!
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: stockaddict
Date Posted: 20/Oct/2007 at 4:38pm
I've gone through this article in TOI and seem to agree with the views expressed there. Reliance is indeed facing a lot of problems in many states liek UP, Orisaa, Jharkhand etc. They have even been driven out of some states. This is a issue which has political ramifications as no party will like to be seen on the wrong side of" the common man" Now Punjab CM has issued a statment that Ambani has stooped so low as to start selling vegetables now and that this is not welcome in his state. The plans may go haywire and they may be forced to rework their strategy esp with elections coming nearer. Markets seems to be taking no note of this. Having said that I still feel that they can still make a success out of it though not as easily as in other ventures.
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Posted By: gcpradhan1
Date Posted: 21/Oct/2007 at 7:32am
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RIL to hive off Reliance Fresh into independent firm
A large-size restructuring is in the offing at Reliance Retail, Reliance Industries’ consumer retail project. As part of the exercise the company has decided to hive off Reliance Fresh into a separate company, Ranger Farm, for single point accountability.
A source said Reliance Fresh that sells food, fruits and vegetables and consumer products is a high-volume business which requires integration and dedicated focus, especially when opposition to organised retail in this particular category has taken political colour. Source: http://economictimes.indiatimes.com/News/News_By_Industry/Services/Retailing/RIL_to_hive_off_Reliance_Fresh_into_independent_firm/articleshow/2479459.cms - http://economictimes.indiatimes.com/News/News_By_Industry/Services/Retailing/RIL_to_hive_off_Reliance_Fresh_into_independent_firm/articleshow/2479459.cms |
Posted By: smartcat
Date Posted: 22/Oct/2007 at 1:02pm
| Et Tu, Ambani? |
Posted By: growth!is!life
Date Posted: 29/Oct/2007 at 5:34pm
Reliance Retail to Board VolvoMukesh Ambani’s Reliance Industries is in talks with Volvo, one of the biggest truck and logistic companies in the world, for a joint venture that will specifically cater to Reliance Retail’s back-end logistics requirements. According to sources, the joint venture between Volvo India and Reliance Retail is likely to include a new manufacturing facility where Volvo will assemble completely knocked down trucks specifically for the retail major. Reliance is expected to invest in the JV and the trucks made by the venture could be co-badged both Reliance and Volvo. Sources say this unique arrangement between a retail company and its logistics vendor is unprecedented globally. When contacted, a Volvo India spokesperson said, “We cannot comment on speculative reports.” As for Reliance Retail, its spokesperson declined to comment. For Reliance a strategic partnership with a truck major like Volvo makes sense because it is starting stores focussed on rural distribution at the village and block level. It is also developing pilot B2B distribution centres in India. As a result, Reliance Retail’s logistic requirements are expected to be enormous. The company has already appointed Delhi-based Eicher Motor as its preferred vendor for light trucks. Eicher is also manufacturing specialised vehicles for Reliance Retail. If Reliance Retail ties up with Volvo, it will be in line with the $27-billion Reliance Industries’ new strategic thinking. At the Reliance AGM last week, group chairman Mukesh Ambani announced that although the company has grown by building “businesses from scratch”, this strategy cannot work in future. Reliance, he said, now envisages “an eco-system of partnership with global companies that can be hugely value accretive”. The Volvo negotiations, say sources, are part of this overall strategic shift. At the same AGM, Mr Ambani had also said that, “Reliance is building an over-arching pan-India transportation warehousing logistics infrastructure.” The creation of this “next generation physical distribution system,” he had said, will be Reliance Retail’s real backbone. Earlier this year, Volvo applied to the Foreign Investment Promotion Board (FIPB) to include logistics, freight forwarding and transport — as well as allied areas like cargo handling and clearing, packing, warehousing and store keeping — in its roster of activities in India. The business unit, Volvo Logistics, is intended to support “internal Volvo Group customers and some external customers connected to global sourcing of our components,” company officials had said. If it goes through, Volvo’s possible tie-up with Reliance Retail will offer the company a captive consumer that will help it move to the next level of volumes. Volvo currently produces around 2,600 trucks a year and sells 1,600 domestically. It is currently ramping up capacity to 4,000 units a year. Volvo currently has trucks in the 25-49-tonne range though it is now looking at entering the bigger volume 16-tonner segment ------------- growth is LIFE |
Posted By: Buffet
Date Posted: 02/Nov/2007 at 4:36pm
And they will travel in a car filled with "Reliance Petrol", all the way talking on a "Reliance Mobile" about "Reliance Stocks", wearing "Vimal suites" while the streets lighted up by the "steady supply" of power from "Reliance Energy" :) |
Posted By: growth!is!life
Date Posted: 03/Nov/2007 at 7:21pm
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------------- growth is LIFE |
Posted By: vijinat
Date Posted: 03/Nov/2007 at 9:07pm
The words of growth!is!life are quite harsh but unfortunately I want to agree with them wholeheartedly |
Posted By: omshivaya
Date Posted: 03/Nov/2007 at 9:17pm
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Everyone is entitled to their opinion, please feel free! ------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
Posted By: growth!is!life
Date Posted: 03/Nov/2007 at 10:45pm
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Sure Sir....but look at some of the great transformations RIL has brought into various sectors. Infact, I feel the 'Great Indian Mobile Revolution' is singlehandedly a RIL contribution. The next wave would be retail, agri and rural transformation initiatives of MDA. ------------- growth is LIFE |
Posted By: ketanbhai
Date Posted: 03/Nov/2007 at 11:07pm
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that's right growth in life bhai...as per our estimates Reliance -Retail is going be a giant in its own right and would contribute around 80000-100000 crs in RIL's topline and double that amount in it's market capitalisation by 2010-11. ------------- Ketanbhai@mumbai |
Posted By: muralimohan001
Date Posted: 04/Nov/2007 at 4:26am
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Lowe's homes in on deal with Reliance Retail http://economictimes.indiatimes.com/News_by_Industry/Lowes_homes_in_on_deal_with_Reliance_Retail/articleshow/2517811.cms - http://economictimes.indiatimes.com/News_by_Industry/Lowes_homes_in_on_deal_with_Reliance_Retail/articleshow/2517811.cms ------------- If money is your hope for independence, you will never have it. The only real security that a man can have in this world is a reserve of knowledge, experience and ability. |
Posted By: kulman
Date Posted: 16/Nov/2007 at 11:27pm
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Mukesh Ambani-promoted Reliance Retail Thursday announced its foray into jewellery retail. The firm plans to open 300 jewellery stores across India in the next three years.
"After Bangalore, we have plans to open our next store in Hyderabad and Ludhiana. Depending on the performance of these three stores, we would think of leveraging the investment," Kurien said, adding it is aiming at achieving a robust market share by next fiscal. Reliance Retail have already opened grocery, consumer durables, apparel and footwear stores. http://www.dnaindia.com/report.asp?newsid=1133557 - http://www.dnaindia.com/report.asp?newsid=1133557-------------------------------------
Har haath mein ho kangan apna......har kaan mein ho baali apna.......har ungli mein ho angoothi apna......har gale mein ho haar apna!!
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: tyler_durden
Date Posted: 19/Nov/2007 at 7:51pm
bharat ka kona kona pahnega reliance sona...i think a time will come when only reliance will do business rest all can just invest...koi field to chhod do ambani bhai ------------- If you aren't fired with enthusiasm, you will be fired with enthusiasm. |
Posted By: kulman
Date Posted: 19/Nov/2007 at 7:59pm
That's why one should never ask Ambani: "Sona kaha hain?"
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: tigershark
Date Posted: 19/Nov/2007 at 9:09pm
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somebody has suggested that a time will come when the name of this country will have to be changed to REPUBLIC OF RELIANCE ------------- understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things |
Posted By: kulman
Date Posted: 29/Nov/2007 at 8:36am
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In a dramatic shift in strategy, Reliance Retail has decided to minimise its exposure in the fruit and vegetable business and position Reliance Fresh as a pure play super market focusing on nine categories including food, FMCG, home, consumer durables, IT, wellness and auto accessories, with food accounting for the bulk of the business. The company may not stock fruit and vegetables in some states, Orissa being one of them. Though Reliance Fresh is not exiting the fruit and vegetable business altogether, it has decided not to compete with local vendors partly due to political reasons, and partly due to its inability to create a robust supply chain. Though the rollout has been fairly quick and 400 Reliance Fresh stores have been launched in a year’s time, it has not been able to meet its internal targets in terms of critical parameters, said a source. “The priority and focus has clearly changed for Reliance Retail. And this will continue until the general elections in 2009,’’ the source added.
Link: http://economictimes.indiatimes.com/Reliance_Retail_looks_to_refresh_business - http://economictimes.indiatimes.com/Reliance_Retail_looks_to_refresh_business
/articleshow/2583251.cms
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: Ajaya
Date Posted: 07/Dec/2007 at 12:36pm
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Citi banks on Reliance’s retail experience
Thursday, December 6, 2007 (New Delhi):
Source: NDTV Profit
As head of consumer banking for Citi across Asia Pacific, Stephen Bird can see competition rising. As the bank spreads its wings in India, it is targetting a tie up with Mukesh Ambani to capture consumers right while they are shopping in the malls. This is a relationship that could take Citi's deal with Reliance beyond just a tie up from credit card offers. Citi will eventually consider bringing more detailed financial products like mutual funds, wealth management and loyalty cards to consumers. For Mukesh Ambani this is the closest he can get to starting a business in finance and that too with a global company. For Citi, even though Taiwan and Hong Kong are the fastest growing markets, Bird is certain India's consumer is turning mature promising higher returns. If over 35 per cent of consumer products are bought via financing, this partnership surely holds promise. As both banks and retailers try and reach a larger audience in rural India this could be just the platform Citi may be looking for to turn more local. |
Posted By: kulman
Date Posted: 09/Dec/2007 at 8:35am
One thing about Ambanis....they would want to become number 1 by hook or by ...
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: basant
Date Posted: 09/Dec/2007 at 8:42am
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Reliance retail IPO and listing will aggressively re-rate retailing stocks. That is because I do not expect AMbanis to give it out cheap and that will set some benchmarks.
------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: kulman
Date Posted: 09/Dec/2007 at 8:53am
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That could be a major trigger.
Sir jee...presuming that KB pulls it off to be amongst top 3 players, what's the probability of PRIL commanding mkt cap of Rs. 1 Lakh Crore?(Let's talk in Rupee terms from now onwards as even my Dhobi is bearish on US Dollar)
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: deveshkayal
Date Posted: 09/Dec/2007 at 10:20am
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One more trigger added to PRIL. So India Infoline target will be hit in one year !! ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: CHINKI
Date Posted: 10/Dec/2007 at 2:42pm
| http://economictimes.indiatimes.com/Reliance_Brands_to_form_JV_with_Italys_Sixty_Group/articleshow/2609343.cms - |
Posted By: CHINKI
Date Posted: 10/Dec/2007 at 2:52pm
| http://www.livemint.com/2007/12/10010629/Reliance-lowers-retail-stores.html - |
Posted By: kulman
Date Posted: 10/Dec/2007 at 6:16pm
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....and plans were afoot to set up 47 Reliance TimeOut stores in the country by 2010, he added. |
Posted By: CHINKI
Date Posted: 12/Dec/2007 at 12:02pm
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http://timesofindia.indiatimes.com/Pune/Happy_days_for_berry_growers/articleshow/2609605.cms - ------------- TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO |
Posted By: kulman
Date Posted: 13/Dec/2007 at 8:33am
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Read interview of RRL chief Raghu Pillai http://www.livemint.com/2007/12/14000034/Firm8217s-initiative-is-a-b.html - here Firm’s initiative is a bet on India, not about taking others’ business
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: basant
Date Posted: 13/Dec/2007 at 8:55am
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This is what even the Biggest Bull in India agreed to when I met him earlier this year. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: dhanabbal_g
Date Posted: 18/Dec/2007 at 12:12pm
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RIL offers road link carrot to bypass mandis in UP...link http://economictimes.indiatimes.com/RIL_offers_road_link_carrot_to_bypass_mandis/articleshow/2624182.cms - here Reliance Industries (RIL) is leant to have told the UP government that it would consider building roads linking farms and villages to the state government’s proposed Ganga Expressway or the nearest highway, if the state government amends the existing APMC Act |
Posted By: kulman
Date Posted: 10/Feb/2008 at 5:43pm
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: CHINKI
Date Posted: 10/Feb/2008 at 8:07pm
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In one of the interview Mr. Pillai who had moved from Pantaloon to Reliance Retail was mentioning that about a year back, Mukesh Ambani gave the plans for the retail roll-out.
Seeing that Pillai mentioned that it is not possible to roll out so many shop in different format within such short period of time. But after a year, he says "NOTHING IS IMPOSSIBLE" MA ka hawa isko bhi lag gaya. ------------- TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO |
Posted By: deveshkayal
Date Posted: 10/Feb/2008 at 8:14pm
PRIL has occupied 30 mn sq. foot of space which is ten times of Reliance Retail but nothing takes away the speed of execution skills of MA. ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: basant
Date Posted: 10/Feb/2008 at 8:42pm
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PRIL is right now at 8.5 milion square feet. 30 million is projected as per June 2010! ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: BGKGURU
Date Posted: 14/Feb/2008 at 5:31pm
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after 2 years, reliance retails sales will be double than pantaloon,then can we buy reliance
fy08 sales expected Rs. 3000 crores
It is amazing that it is first full year operation and no.2 in sales and will be no. 1 next year.
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