Reliance Retail (RRL) has converted Future Group’s department store format Central into Centro in locales where parcel was taken over by RRL after the Future Group defaulted on settlements and surrendered the property to it. The first similar Centro opened in Vasant Kunj in Delhi on Tuesday.
Reliance took control of over 200 Big Bazaar stores, 34 Central stores and 78 Brand plant outlets after Future Group defaulted on payments for renewing plats in April. With the new fashion & life departmental store format, Reliance Centro, will contend with Shoppers Stop and Lifestyle. Going forward, company is looking for green field asset as well for expansion of this format.
Reliance Centro is aimed at standardizing fashion in India, by strengthening its reach & connect with consumers in India – right from orders like apparels, footwear, cosmetics to luggage and accessories with over 300 Indian and transnational brands, the company said. This 75,000 sq ft store is a complete departmental store with range of over 300 brands and over 20,000 style options for the entire family.
Reliance Retail is an attachment of Reliance Retail gambles, the holding company of all the retail companies under the RIL (Reliance diligence) group. RRVL reported a consolidated development of Rs199,704 crore ($26.3 billion) and net profit of Rs7,055 crore ($931 million) for the time ended March 31, 2022.
The fashion store is aimed to be the go- to fashion destination, developed to feed to any occasion, including marriages, carnivals, and fests, with its immolation of high- quality and fashionable particulars that embrace contemporary designs.
About Reliance Retail Limited
Reliance Industries started their customer-centric retail business in 2006 and founded by Mukesh Ambani. It has grown to become India’s largest retailer delivering superior value to its customers, suppliers and shareholders. The nationwide network of retail outlets delivers a world-class shopping environment and unmatched customer experience powered by our state-of-the-art technology and seamless supply-chain infrastructure.
It operates Reliance Fresh, Shree Kannan Departmental stores, SMART and Smart Point store formats focused on food, fresh produce, bakery, dairy products, home and personal care products, as well as general merchandise items.
Reliance Retail has been ranked because the quickest developing store with inside the world. It is ranked 53rd with inside the listing of Top Global Retailers and is the best Indian Retailer to function with inside the Top 100. It is the biggest and the maximum worthwhile store in India with the widest reach.
Reliance Retail has greater than one hundred fifty million unswerving clients shopping for throughout all its formats. It recorded greater than 640 million footfalls throughout all its shops in FY20, a scale unequalled with the aid of using another store in India.
With over 100,000 transactions in step with hour, Reliance Retail operates at a scale remarkable with inside the Indian retail enterprise and maintains to complement the excellent of lives of hundreds of thousands of Indians each day.
Brands & Products
Reliance Retails Ltd is one of fastest growing retails outlet for multiple products and brands like Digital electronics products, footwears, jewelries etc.