The acquisition gave RR access to 31 cash-and-carry outlets in 21 cities and a database of three-million-strong merchant customers and the agreement with German retailer Metro AG last year, allows for the Metro brand name to be used during a "transition period" or about two years.
Persons in the know say RR has been evaluating synergies between Metro Cash & Carry and JioMart B2B; it wants to reduce overlapping roles and work towards a common sourcing system for both online and offline as well as a new brand name. Industry experts believe RR is looking at an omnichannel presence in the domestic organised wholesale market by combining the on-ground strengths of Metro and the online platform that JioMart B2B provides.
A new store has been launched in Patiala recently to strengthen the network. And the plan is to launch at least 35-40 new stores to reach out to more kiranas, notably in tier II and III markets, where the concentration of mom-and-pop stores is higher, according to experts. Of the 12-million kirana stores tracked by market researcher NielsenIQ, more than half or almost 8-9 million stores are in semi-urban and rural areas.
A mail sent to RR elicited no response till the time of going to press. However, during the Q2 earnings call in October, Reliance Retail's CFO Dinesh Taluja said that the integration between Metro Cash & Carry and the company's B2B grocery division (JioMart) was "under progress".
"This will help us provide an omnichannel experience to merchants and further strengthen our value proposition for the segment," Taluja said.
Challenges aplenty
هذه القصة مأخوذة من طبعة December 11, 2023 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة December 11, 2023 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Murdoch ally helps Ambani build media empire in India
SOHEE KIM PR SANJAI
Pandya, Dube & Rinku: Can they finish for India at T20 World Cup?
GOING INTO THE 2022 T20 World Cup in Australia Dinesh Karthik was assigned the finisher role and the batting lineup was built accordingly.
Nestle adds sugar to infant milk and cereal, finds report
A NEW REPORT has revealed that Nestle, the world's largest consumer goods and manufacturer of baby formula, is adding sugar to infant milk and cereal products sold in India, and other Asian, and African countries.
India-made Daimler's electric mini truck to hit the road soon
INDIA WILL BE host to German trucking giant Daimler's only electric vehicle plant outside of Europe and Japan when it launches a locally-made electric light cargo truck in FY25.
Samsung eyes ₹10,000 cr from India TV biz this year
SOUTH KOREAN GIANT Samsung is targeting a turnover of ₹10,000 crores for its television business in India this year, driven by growth in sales of its mid to-premium segment models, said Mohandeep Singh, senior VP, consumer electronics business in India.
Microsoft AI Copilot speed boost for coding
WHEN SOFTWARE DEVELOPER Nikolai Avteniev got his hands on a preview version of Microsoft's Copilot coding assistant in 2021, he quickly saw the potential.
US, China debt pose risks for global public finances: IMF
THE WORLD's TWO great economic rivals, China and the US, will drive much of the increase in global public debt over the next five years, with US spending creating trouble for many other countries by keeping interest rates high, officials at the International Monetary Fund said in a report.
Language models in consumer tech
This move is designed to ensure better user experience & privacy
'Data centres' energy use doubles every four years'
Data centres are significant energy consumers, using about 2% of the world's power and emitting carbon dioxide equivalent to the airline industry.
Vi FPO: Foreign players invest big; about ₹5,400 crore raised
GQG, Fidelity buy almost 40% of the anchor investor portion
