Modern retail

How Reliance Retail became India’s biggest retailer

What makes Reliance Retail thrive when its peers struggle with thin margins? A deceptively simple formula: Take a cold, hard look at the business, pick segments that aren’t working, and shut them down.
Gift this article
13 Jun 2018 0 comment
Getty Images
Dhiraj Singh/Bloomberg via Getty Images
How do you become India’s largest, most profitable retailer? It’s a question that has foxed most listed retailers in India, who struggle with thin margins or move at a snail’s pace. Not if you are Reliance Retail. The country’s largest retailer has taken merely 12 years to leave its competitors behind. Despite a large revenue base of retailer to rank among the world’s Top 200 global retail chains," he said. "Our aim is to have the consumer businesses contribute on [a] par with the energy and materials business over the next decade, when we celebrate our golden jubilee."Your move, rival retailers.(Clarification: The second graphic in the story contained some data errors. We have corrected this.)
How do you become India’s largest, most profitable retailer? It’s a question that has foxed most listed retailers in India, who struggle with thin margins or move at a snail’s pace. Not if you are Reliance Retail. The country’s largest retailer has taken merely 12 years to leave its competitors behind. Despite a large revenue base of retailer to rank among the world’s Top 200 global retail chains," he said. "Our aim is to have the consumer businesses contribute on [a] par with the energy and materials business over the next decade, when we celebrate our golden jubilee."Your move, rival retailers.(Clarification: The second graphic in the story contained some data errors. We have corrected this.)

Gift this story

0 article remaining this month.
300 characters remaining

Done, keep sharing

0 Left this month

We have e-mailed a link of this article to your friends. They would be able to access this article 0 times till the link expires.

Sorry, quota exhausted

0 article shares left

You have exhausted your quota of gift article shares for this month. Your limit will be reset on the 1st of next month.

Current Edition

[[^message]]

Result

[[/message]] [[#message]]

[[message]]

[[/message]]