Reliance Retail’s lifestyle business on expansion mode

Reliance Retail has said its lifestyle business is on an expansion drive, fuelled by good sales,especially in the last six months. It will invest Rs150 crore on expanding the Reliance Timeout and Reliance Jewels retail chains.
Mr.Bijou Kurien, President and Chief Executive Lifestyle Reliance Retail said, ” In the last six months like to like same store growth in the lifestyle business has been 22 percent compared with last year.
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With the slowdown property become cheaper now Expanding store is much easier.

1. Reliance Retail Posts Rs 20 Cr loss
2. Spice looking MF, Insurance Business
3. Dish TV raises $100 mn for Expansion
4. 12% Slips in Reliance Earnings