Sunday, Dec 3, 2023
English News
  • Hyderabad
  • Telangana
  • AP News
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • Rewind
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Education Today
    • Reviews
    • Property
    • Videos
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
Breaking
Assembly polls: Counting of votes underway in 4 states Telangana Assembly Elections: Vote counting underway All arrangements in place across Telangana for vote counting All set for counting in Telangana: BRS confident, Congress cautious, BJP silent
x
Home | Business | Reliance Retail Best Placed To Win Share In Fresh Food Rapidly Accelerate Store Rollout

Reliance Retail best placed to win share in fresh food, rapidly accelerate store rollout

Even for e-commerce players, we believe having a store front will be a key competitive advantage, especially for grocery.

By IANS
Published Date - 12:10 PM, Mon - 21 June 21
Reliance Retail best placed to win share in fresh food, rapidly accelerate store rollout
Even for e-commerce players, we believe having a store front will be a key competitive advantage, especially for grocery.
whatsapp facebook twitter telegram

New Delhi: Reliance Retail is best placed to win share in fresh food, rapidly accelerate store rollout and target the widest assortment through multiple formats and channels, Goldman Sachs said.

“We see three drivers for Reliance Retail’s grocery business: (1) Omni-channel push with online share gains driven by Jiomart while leveraging its large offline store network; (2) Expanding presence in fresh, where Reliance is the largest player but remains under-indexed as a proportion of customer spending through organized retail and (3) Private label push beyond just packaged staples,” Goldman Sachs said in a report.


Organised grocery retail has seen two major shifts due to the pandemic-a shift to online and omni-channel and entry into large, new categories, which pre-Covid had been considered less profitable, like fresh food and dairy, the report added.

“However, in our view, the success of the entry into new categories will ultimately determine the scalability of the e-commerce or the omni-channel model. For offline retail, early Google trends data suggests almost a full return to normalcy in visits to grocery stores and supermarkets as the lockdowns have eased in most major towns. In some rural dominated states like Bihar or Uttar Pradesh, the recovery in supermarket visits has been even steeper,” the report said.

Share wins in fresh food and dairy, categories traditionally dominated by small local vendors, are key for increasing the average basket value. For perspective, Reliance Retail, the largest fresh food retailer in India, sold 0.66 mn tonnes of fruits, vegetables and staples in FY21, only about 0.1 per cent of the total production in India.

Supermarkets, hypermarkets, dark stores, pick-up only stores and local store tie-ups will be key to driving penetration of organised grocery retail, especially in smaller towns.

Even for e-commerce players, we believe having a store front will be a key competitive advantage, especially for grocery.

The two leading offline retailers follow different assortment strategies with Dmart having a much smaller and localised assortment compared with Reliance Retail, which has different formats to allow for varied assortment.

Within grocery e-commerce, the pure-play grocery players generally have better assortment and availability than the horizontal e-commerce players, the report said.

  • Follow Us :
  • Tags
  • e-commerce players
  • grocery business
  • omni-channel model
  • Reliance Retail

Related News

  • Reliance Retail opens youth fashion retail format ‘Yousta’ with first store in Hyderabad

    Reliance Retail opens youth fashion retail format ‘Yousta’ with first store in Hyderabad

  • Hyderabad warehouse segment transacts 5.4 million sqft in 2021-22

    Hyderabad warehouse segment transacts 5.4 million sqft in 2021-22

  • Hyderabad’s industrial, logistics absorption outpaces supply

    Hyderabad’s industrial, logistics absorption outpaces supply

  • Trends store launched in Achampet

    Trends store launched in Achampet

  • Future-Reliance deal: SC to hear Amazon plea on July 20

    Future-Reliance deal: SC to hear Amazon plea on July 20

  • Reliance Retail second fastest growing retailer in world

    Reliance Retail second fastest growing retailer in world

Latest News

  • Congress leads in majority seats in Telangana, KCR trails

    16 mins ago
  • BRS leads in Hyderabad districts

    42 mins ago
  • Woman killed a day before her marriage in UP’s Prayagraj

    46 mins ago
  • Chhattisgarh: BJP leading in 23 seats, Congress ahead in 18 seats

    1 hour ago
  • Madhya Pradesh: BJP ahead in 85 seats in early trends

    1 hour ago
  • Two UP cops held for kidnapping businessman for ransom

    3 hours ago
  • Assembly polls: Counting of votes underway in 4 states

    3 hours ago
  • UP: Father-son die after bitten by their rabies-infected cat

    3 hours ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam