Reliance Retail opens up two new Yousta Stores this month, after opening in August in Hyderabad.
Justification
Reliance Retail Ltd, a Reliance group company, has recently opened two new stores, one in Bilaspur on 16 September and another in Eddapal, Kerala, on 19 September this year.
According to an IndiaRetailing report, Reliance plans to roll out 200-250 Yousta stores to compete with Tata Group’s Zudio chain.
The Yousta known for its ‘starring section' has a price range of Rs 499 to Rs 999; its products are available through Ajio & JioMart online.
YOUSTA was tagged as ‘Your absolute star Store’ by its company’s officials on a LinkedIn post while sharing a video of the store in Bilaspur & Eddapal.
Reliance Retail Ventures Ltd, a holding company of Reliance’s retail companies, has over 18.5k stores & has partnered with over 3 million merchants.
The already profitable chain with consolidated turnover of $31.7 billion in 2023, by adding more chain of stores, shows strong growth prospects.
The opening of new stores will lead to increased revenue, profitability & operations for Reliance Retail & its subsidiaries.
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