Reliance Retail has been witnessing significant growth even amidst the pandemic, as per the data revealed during the Company’s 44th annual general meeting.
Not only has Reliance Retail been able to protect jobs but has also given employment to more than 65,000 people. It is now gearing up to add over 10 lakh people to its workforce by 2024.
About 1,500 new stores were opened as part of its ambitious expansion plan. As a result, the store count is now 12,711. The apparel business achieved sales to the tune of five lakh units per day and more than 18 crore units in the whole year. This, as pointed out by Mukesh Ambani, chairman, Reliance Industries, is equal to “dressing the entire population of Germany, Spain and the UK” put together.
In terms of groceries, the pandemic-related restrictions only helped this section of Reliance Retail grow phenomenally. More than a billion units of groceries, that is, about 30 lakh units a day were sold, and JioMart fulfilled more than 6.5 lakh orders in a single day.
As part of its expansion plans for the retail business, RIL is also committed to going carbon free. It will invest in research, design and product development, before focussing on making its sourcing ecosystem stronger. For this, it is working with service providers, producers, micro, small and medium enterprises and various local and international brands. The Company is going all out to spend on establishing state-of-the-art supply chain infrastructure across the country by connecting all points of sourcing and consumption. With automation, its warehousing and logistics capabilities have been made more reliable and scalable, ensuring secure and faster delivery. The retail business of Reliance Industries has witnessed phenomenal growth during the pandemic, with a surge in online shopping