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Reliance seeks retail options for self-brand garments
06 Jun '07
1 min read
Reliance is looking to put its readymade garments on sale through recognized retail giants. Reportedly, Company was forced to take this move since the launch of its malls has been delayed. Reliance has also approached retail chain Loot for the same purpose.
When contacted by Fibre2fashion, Loot MD Jay Gupta, said, “Reliance had stock to be dispatched, so they did organize talks with us. However, since Loot deals with International brands, there was no opportunity to finalize any deal.”
Relevant sources from Reliance, requesting anonymity, informed that the opening of ISKCON Mall, scheduled for May this year, had been postponed to August 2007. Once this is done, Company has planned to launch 20-25 similar supermarkets in Gujarat.
Official said, “Though these retail outlets are competitors for Reliance, selling garments through them will help not only clear out stocks but also attract consumers.”
When contacted by Fibre2fashion, Loot MD Jay Gupta, said, “Reliance had stock to be dispatched, so they did organize talks with us. However, since Loot deals with International brands, there was no opportunity to finalize any deal.”
Relevant sources from Reliance, requesting anonymity, informed that the opening of ISKCON Mall, scheduled for May this year, had been postponed to August 2007. Once this is done, Company has planned to launch 20-25 similar supermarkets in Gujarat.
Official said, “Though these retail outlets are competitors for Reliance, selling garments through them will help not only clear out stocks but also attract consumers.”
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