Reliance Retail’s style and way of life retailing enterprise crossed the Rs 10,000 crore milestone in 2018-19, as in step with the organization’s modern-day investor presentation.
This is no matter the contribution of the enterprise declining from 10.Three% of general sales in FY18 to eight.4% in FY19. Accordingly, Reliance Retail’s fashion and lifestyle retail business sales in 2018-19 changed into Rs 10,967 crore compared to Rs 7,127 crore in the preceding fiscal. Reliance Retail’s revenue closing financial almost doubled to Rs 1,30,566 crore (Rs 69,198 crore in FY18).
Reliance Retail has located multiple brands and shops for every consumer and income phase in fashion and way of life – Reliance Market and Smart in value garb, Trends, and Footprint in cost style. The enterprise has Ajio, Marks & Spencer, Project Eve and Reliance Jewels in mid and top rate phase, even as in luxury phase it has global brands, The White Crow and Ajio Gold.
The enterprise in the presentation said it added 333 Trends stores over the remaining two years that is the largest in India’s style retail. Out of this, over two hundred new stores have been delivered closing monetary itself. Of this, it has launched 65 smaller shops in tier III and IV cities. Reliance has introduced categories consisting of footwear, jewelry, and beauty inner Trends stores closing fiscal. As of March 2019, there were overall of 676 Trends shops in us of a.
The online layout AJIO acquired extra than three hundred million net visits. The format doubled its product catalog to offer over 1,30,000 alternatives. The Hamleys toy stores crossed the seventy-five keep milestone in India remaining fiscal wherein India is the largest market for Hamleys outside of UK. India is likewise the biggest market for Marks & Spencer outdoor of the UK with the seventy-seven quantity of shops.
Incidentally, the style and lifestyle phase is the smallest for Reliance Retail. The connectivity commercial enterprise which incorporates Reliance Jio Infocomm subscriptions and recharges was the most important at 33.5%, followed by way of customer electronics and telephone retail (30%), grocery (17.Nine%), gas retail (10.2%) and subsequently fashion and way of life (8.Four%) in FY19, as in step with the investor presentation.