Petty traders and vegetable vendors on Saturday vandalised three of the five Reliance Fresh food outlets in Ranchi
The association in its state-level executive committee meeting held at Lucknow today expressed concerns over the government's decision to impose ban on Reliance Fresh.
The Reliance Fresh store was closed in Warangal on Wednesday after scores of Telangana Rashtra Samithi cadres staged a protest outside the store, alleging the company's entry into retail trade had hurt the livelihood of small traders.
Samajwadi Party-backed traders had staged demonstrations outside a few Reliance Fresh stores on the inaugural day. Terming the demonstrations as a "law and order problem", the Mayawati administration ordered the prompt closure of all stores.
Reliance Retail on Monday ushered in a new retail culture in the national capital region by opening nine western-style food stores as it hopes to become the preferred supplier of push-cart vendors and kirana stores.
Traders protests against Reliance Fresh may impact Reliance Retail's Rs 3,000 crore (Rs 30 billion)plan to roll out retail and fresh food stores in Orissa.
Mukesh Ambani-spearheaded Reliance Retail Ltd on Wednesday launched 12 neighbourhood vegetable and grocery stores in this metropolis, taking the total number of such stores under its pilot retail initiative to 40.
All major markets, daily haats, shopping malls and roadside shops were closed in response to the call given by Rajdhani Byabasai Jibika Bancho Samiti, police said. Even fish and vegetable markets were closed in protest against the government's permission to Reliance Retail Limited for opening its outlets, they said.
Reliance Retail Ltd launched operations of its Reliance Fresh in Uttar Pradesh with the launch of ten stores in Lucknow. These ten stores will open in different localities in Lucknow on Wednesday.
A cell of traders in the BJP Sangatham registered protest on Monday against the entry of big companies in retail in general and Reliance Fresh in particular.
The roll out of Reliance Retail's fresh food format stores has hit a wall in West Bengal, where a key constituent of the state government is against big businesses entering agriculture and allied fields.
Reliance Retail's digital commerce platform JioMart will morph into an e-marketplace offering multiple brands - from electronics, consumer durables, fashion and lifestyle, beauty, home, kitchen, and grocery - as it girds up to take on the likes of Amazon and Flipkart ahead of the festival season sales. India's largest retailer was in the process of onboarding third-party sellers these past few months, further increasing its selection across categories multifold. Its website and application offers general merchandise as well.
Reliance Retail has entered the Indian fast-moving consumer goods space as it takes its private label brands, sold at its supermarkets and hypermarkets, Reliance Fresh and Reliance Smart, to general trade. The company had internally set a target of Rs 50,000 crore turnover from the FMCG business, which will fall under Reliance Retail's consumer brand division. Business Standard accessed a presentation which includes the brands it has taken to the general trade.
Reliance Industries Limited (RIL) is set to carry out a major restructuring exercise. Nine of its retail units would be merged with Reliance Retail and Reliance Fresh.
So what does the future hold for small grocers? The ones Business Standard spoke to said they would also love to revolt, as smaller retailers did in Lucknow.
In view of the recent attacks on its agri retail stores, the Reliance Industries group company on Tuesday said it will go slow on the roll out of Reliance Fresh outlets in the state.
The ban, although described as temporary, is being seen as a knee-jerk reaction by the state government following the attacks on Reliance Fresh and Spencer's stores and has raised several questions over its farm policy.
'Reliance Fresh will break the backbone of the rural economy,' says PMK leader Dr S Ramadoss.
Reliance Retail is all set to capture the food retail market in Gujarat by setting up over 180 Reliance Fresh stores in 16 cities and towns in the state over the next six months.
Kirana shops and greengrocers have found a new challenge to grapple with.
Kirana shops and greengrocers have found a new challenge to grapple with.
Among all the geographies where Amazon is fighting regulators, India is the only place where its lines are also tangled in a major corporate battle, this one with India's largest company by market capitalisation over the acquisition of Mumbai-based Future Group's retail chain, the country's second largest. No other corporate entity in any country offers a challenge to Amazon's hegemony in a way Reliance Industries does - and the final hearing of an arbitration case filed at the Singapore International Arbitration Centre between the two may decide at least some of these issues. This legal battle between one of the world's most powerful corporations and one of India's most powerful conglomerates could be complicated by a host of other developments.
Why should Reliance Digital position itself as an alternative to Chadhaji's store? It simply doesn't make good business sense, says Sudhir Bisht.
Mukesh Ambani-led Reliance Industries Ltd wants to merge four of its associate companies in real estate with its main property development subsidiary, Reliance Commercial Land and Infrastructure Ltd, under the scheme of amalgamation proposed before the Bombay High Court.
Faced with tough competition and a slow economy, hypermarkets run by retail biggies are outdoing each other with price challenges, aggressive discounts and combo offerings for the Independence Day sales.
Reliance Retail, which started in 2006, runs over 1,000 stores across 86 cities.
While JioMart is doing 250,000 orders per day, BigBasket and Amazon pantry are doing 220,000 and 150,000 orders, respectively.
Reliance Retail (RRL), a subsidiary of the Reliance Industries, is on an expansion mode with plans to add more stores in the southern states.
Protests following the arrest of Maharashtra Navnirman Sena chief Raj Thackeray on Tuesday crippled retail businesses in and around Mumbai, the commercial capital of the country
RIL is setting up infrastructure for a full-fledged horizontal e-commerce offering - internally called the New Commerce - to simultaneously launch pan-India by October-November.
About 50,000 to 100,000 people - representing associations of farmers, traders, hawkers, and even chemists from all over India - will converge on Mumbai's Azad Maidan to demand that big corporations quit the retail business.
The company sacked nearly 900 employees and shelved its investment plans in the state, which included nearly 200 Reliance Fresh stores over three years and a back-end logistics chain.
ITC, Godrej Agrovet, DCM Shriram and other companies expanding in rural areas may eclipse the growth of their urban counterparts, including Reliance Fresh and the Future Group-owned Food Bazaar chain, helped by higher farm income that is spurring a boom in sales of fast moving consumer goods, consumer durables and apparel.
Corporate retailing of fruits and vegetables - once a domain of street side vendors - seems to be facing more troubles.
With more than 10,000 stores under the various Reliance retail brands and over 2.5 million kirana stores already tying up with it, Jio's online marketplace would have the biggest hyperlocal logistics network in the country.
Large retail chains like Reliance Fresh, Subhiksha and Spencer's have not been able to do sourcing of their entire farm products directly from the farmers.
Reliance Industries Limited formally entered the country's fairly young organised retail market through its Reliance Fresh format stores in Hyderabad on Friday while reassuring petty traders that the company was no threat to them.
The closure of Reliance Fresh outlets in Lucknow is a boost for the Samajwadi Party.
Adani group is all set to launch fruits and vegetables supply in a big way.
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