Reliance Lifestyle will come up with 3,000 new stores by 2015. This was announced by Bijou Kurien, president and chief executive- Lifestyle at Reliance Retail Ltd, at the India Retail Forum 2010, being held at The Renaissance hotel in Mumbai, on September 28.
Kurien said the new outlets will target tier II cities. He, however, did not disclose the amount to be invested in further expansion. “The expansion is not something we are accelerating to capture the bigger part of the market,” he said.
Kurien said though a few mistakes were made in the past, the Group will not withdraw the brand. “It is being taken as learning, and we are prepared to do better in the coming days,” he added.
– IndiaRetailing Bureau