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  3. Reliance Retail opens 2 new Yousta stores

Reliance Retail opens 2 new Yousta stores

21 Sept 2023

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Key Takeaways

  • 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.

  • 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.

Reliance Retail

Reliance Retail

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Expert Analysis

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.

Publisher:India Retailing