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In expansion mode, Reliance Retail may spend Rs 2,500 crore

At the end of the third quarter of FY17, Reliance Retail operated 3,553 stores across 686 cities

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Reliance

Raghavendra Kamath Mumbai
After the group’s aggressive focus on its telecom business under the Jio brand, Mukesh Ambani-led Reliance Industries is looking to significantly scale up the retail operations once again following a phase of consolidation. Reliance Retail, the largest retailer in terms of revenues and stores, is planning to grow across all formats — fashion, food and grocery as well as wholesale.

The chain is expected to open 200 fashion stores under Reliance Trends, a similar number of food and grocery stores in its Fresh and SMART format, and around 300 wholesale outlets as part of Reliance Market over the next three