Reliance's life with Metro
Financial Express Mumbai|December 11, 2023
RELIANCE RETAIL's (RR) ₹2,850 crore acquisition of Metro Cash & Carry India last December held out much promise. A year on, however, market realities appear to have slowed the integration process.
VIVEAT SUSAN
Reliance's life with Metro

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

この記事は Financial Express Mumbai の December 11, 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Financial Express Mumbai の December 11, 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

FINANCIAL EXPRESS MUMBAIのその他の記事すべて表示
Financial Express Mumbai

Murdoch ally helps Ambani build media empire in India

SOHEE KIM PR SANJAI

time-read
3 分  |
April 18, 2024
Financial Express Mumbai

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.

time-read
2 分  |
April 18, 2024
Financial Express Mumbai

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.

time-read
1 min  |
April 18, 2024
Financial Express Mumbai

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.

time-read
2 分  |
April 18, 2024
Samsung eyes ₹10,000 cr from India TV biz this year
Financial Express Mumbai

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.

time-read
1 min  |
April 18, 2024
Financial Express Mumbai

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.

time-read
1 min  |
April 18, 2024
Financial Express Mumbai

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.

time-read
1 min  |
April 18, 2024
Financial Express Mumbai

Language models in consumer tech

This move is designed to ensure better user experience & privacy

time-read
2 分  |
April 18, 2024
Financial Express Mumbai

'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.

time-read
2 分  |
April 18, 2024
Financial Express Mumbai

Vi FPO: Foreign players invest big; about ₹5,400 crore raised

GQG, Fidelity buy almost 40% of the anchor investor portion

time-read
1 min  |
April 18, 2024