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Friday 10 June 2011

Reliance Retail will foray into the cash and carry

Reliance Retail will foray into the cash and carry market with "Reliance Market" in Ahmedabad. Reliance Industries Ltd chairman Mukesh Ambani had announced at the recent thirty seventh Annual General Meeting concerning his company's plans to launch a cash and carry format.

The first Reliance Market can open in Ahmedabad in August 2011, a Reliance Retail spokesperson said. Reliance Market store can cater to the requirements of the native traders and little businesses and provide regional, national and international brands. Reliance Market can stock over 20,000 merchandise starting from recent fruits and vegetables, dairy merchandise, detergents and toiletries, groceries, workplace furniture, stationery, footwear in addition as electronics and IT merchandise. Reliance can compete with world biggies like Bharti Walmart, Metro and Booker during this section domestically, the spokesperson added.cash and carry may be a style of trade within which merchandise are sold from a wholesale warehouse operated on a self-service basis. It primarily serves business customers like search house owners (kiranas), traders, caterers, institutional consumers like hotels, restaurants, colleges and offices who settle the invoice on the spot in money, and carry the products away themselves..

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