Reliance Retail has announced the launch of its Reliance Centro fashion and lifestyle department store model. Isha Ambani is now new in charge of Reliance’s luxury and lifestyle venture. The first store opened in Vasant Kunj, Delhi. According to the corporation, this format would deal with over 300 Indian and international brands’ clothes, footwear, cosmetics, lingerie, sporting, luggage, and accessories.
Isha Ambani headed Reliance Industries’ limited retail unit opened its first in-house premium fashion and lifestyle store on Thursday, as the billionaire Mukesh Ambani-led corporation continues to expand its presence in India’s luxury sector.
With its assortment of garments, footwear, cosmetics, lingerie, sporting goods, luggage, and accessories, Reliance Centro seeks to increase its customer base and create ties with Indian consumers.
The offerings at Reliance Centro have been meticulously selected to make it the go-to destination for all fashion-conscious mid-premium sector shoppers. It stated that its newest brand will cater to the shifting interests of New Delhi’s fashionistas and meet their desire for high-quality clothes for all seasons and age groups.
After Future Group defaulted on lease renewal payments in April, Reliance acquired ownership of over 200 Big Bazaar stores, 34 Central stores, and 78 Brand Factory outlets. Reliance Centro will compete with Shoppers Stop and Lifestyle with its new fashion and lifestyle department store structure. Going the future, the organization is seeking greenfield assets to expand this model.
Shoppers in Delhi can now look forward to a one-of-a-kind and exceptional shopping experience for fashionable apparel, with a diverse selection of products catering to women, men, and children.
This 75,000 sq ft store, the first of its kind in the region, is a full-service department store with over 300 brands and over 20,000 style options for the entire family.
Aside from fantastic contemporary clothes at incredible costs, this new shopping place offers its clients a special inaugural offer. The first offer was to save Rs 1,500 on purchases of Rs 3,999 or more or to save Rs 2,000 on purchases of Rs 4,999 or more.
Residents may enjoy an excellent shopping experience at the Reliance Centro store in Vasant Kunj. It combines modern designs and an interesting assortment of high-quality and fashionable items that is relevant to today’s consumers. Reliance Centro is the chosen fashion destination for all needs, with a comprehensive range of brands and style alternatives offered across key lifestyle categories.
Reliance Retail is a subsidiary of Reliance Retail Ventures Limited (RRVL), the holding company for all RIL (Reliance Industries) retail firms. It was founded in 2006 and is India’s top retailer in terms of revenue. Food, groceries, fashion, footwear, toys, home improvement products, electrical goods, and farm implements and inputs are all available at its retail locations. In addition to physical locations, the company sells products through its e-commerce channels.
Reliance Retail is now the world’s fastest-growing retailer. It is ranked 56th among the Top Global Retailers and is the only Indian retailer in the Top 100. It is India’s largest and most profitable retailer, with the broadest reach.
Reliance Retail has almost 200 million registered customers who purchase across all of its channels. In FY22, it had more than 500 million footfalls across all of its locations, a figure unrivaled by any other retailer in India. Reliance Retail works at a scale unequaled in the Indian retail market, with over 120,000 transactions per hour, and continues to improve the lives of millions of Indians every day.
Reliance Retail has implemented a multi-pronged strategy and operates a diverse range of store formats to meet consumers’ planned shopping needs as well as daily or sporadic needs across the primary consumption baskets of Grocery, Consumer Electronics, and Fashion & Lifestyle.
Reliance Retail operates Reliance Fresh Signature, SMART, Smart Point, Freshpick, Shree Kannan Departmental, and Jayasurya stores that specialize in food, fresh produce, bakery, dairy products, home, and personal care products, and general merchandise.
For the fiscal year ended March 31, 2022, Reliance Retail Ventures reported a consolidated turnover of Rs 199,704 crore ($ 26.3 billion) and a net profit of Rs 7,055 crore ($ 931 million).