Reliance Retail shuts down Centro locations to focus on in-house brands

Quick Summary:

The letter also instructed brands to remove their merchandise, promotional materials, and other items from the outlets, the report added.

Chief financial officer Dinesh Taluja emphasised that despite the macroeconomic challenges and the decline in apparel and footwear sales, the company remains focused on long-term growth through investments in technology and design capabilities.

This marks the first revenue drop for Reliance Retail, excluding pandemic-related store closures.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: BusinessFinance

Markets: India

Topics: Shoppers Stop Superdry Yousta Lifestyle International Future Group Shop-in-shop model Azorte Dinesh Taluja Revenue decline Fashion segment Gap In-house brands Retail market Centro stores Reliance Retail Technology investments

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 09:42:50 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 402 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23564875

View Article Analysis

About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 300 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

Publisher Details

Frequently Asked Questions