Reliance Retail’s wins and losses with kiranas
The neighbourhood stores were to be a pillar of Reliance Retail’s industry-disrupting omnichannel strategy. But things may not have worked out exactly as planned.
Why read this story?
Editor's note: Seven or eight years ago, D took over his family’s grocery store in Solapur, Maharashtra. Today, his little store in a tier-2 city is a microcosm of the ambitions, successes and failures of India’s largest retailer in conquering the neighbourhood mom-and-pop shop. Sometime in 2020, D became a Reliance JioMart kirana partner. Reliance Retail had come with a unique package deal: Stand out from the dozens of other local stores as a JioMart-branded location, driving more walk-insSource from Reliance JioMart’s wholesale service, with better rates and faster turnaround times than what other distributors offerUse the company’s JioPOS card machines to collect payments, and use JioMart’s software to catalogue stockAlso get online orders from customers using JioMart’s WhatsApp ordering service Three or so years later, D is mostly content. His shop, more a mini supermarket now than an old-school kirana, does get more customers, with sales consistently up from before. He also gets a good deal from Reliance on wholesale goods, and even though the discounts he receives have come down, the faster, more frequent deliveries are a big positive. At …
More in Business
You may also like
Can Temu gain ground in the UAE?
The relatively new online marketplace seems to be doubling on its UAE momentum. We take a look at what is at stake.
Eternal’s leap of faith: exit Goyal, enter Dhindsa
Deepinder Goyal’s handing of Eternal’s reins to Albinder Dhindsa raises uncomfortable questions about timing, risk and whether shareholders are being asked to trust yet another reassuring narrative.
Reliance’s growth engines may be losing steam
Telecom and retail, which account for half the conglomerate’s revenue and most of its valuation, aren’t accelerating fast enough to justify their price tags.
