Retail News Update » Home Appliances

Reliance Retail to launch 150 Reliance Digital stores

admin — Thu, 27 Dec 2007 08:08:36 +0000

The Mukesh Ambani promoted Reliance Retail has launched its Reliance Digital Store in Bangalore, the third after the National Capital Region centre in Ghaziabad and in Vashi in Mumbai.

The Reliance Digital is a one-stop shop for all technology solutions for consumer electronics, home appliances, information technology and telecommunications.

The Reliance Digital outlet is a part of company’s mega retail venture. The company plans to open a total of 150 Reliance Digital stores across 70 cities over the next three to four years and aims to have a sales turnover of USD five billion from Digital stores by 2011.

Lotte Group to open a new Lotte Mart in the Weihai

retailnu — Wed, 18 Mar 2009 13:35:43 +0000

The South Korean Lotte Group has signed a contract with Weihai Jiulong Real Estate to open a new Lotte Mart in the Weihai Economic and Technical Development Zone in Shandong.

With an investment of USD30 million from Lotte Group, construction of the new supermarket will start in April 2009 and is expected to be completed and opened on October 1, 2010. Covering an area of 36,000 square meters, the supermarket will focus on the sales of apparel, footwear, food, and home appliances. After the project is putting into operation, it is expected to realize annual sales of CNY400 million.

The coming of Lotte Mart will further add to the commercial functions of Weihai Economic and Technical Development Zone, which will benefit the creation of a business cluster in Weihai and will stimulate the development of service industry in the city.

Lotte Group currently owns 58 Lotte Marts in South Korea and with the implementation of its globalization strategy, the group plans to set up 300 Lotte Marts in China by 2018.

Lotte Group to open a new Lotte Mart in the Weihai

admin — Wed, 18 Mar 2009 13:35:43 +0000

The South Korean Lotte Group has signed a contract with Weihai Jiulong Real Estate to open a new Lotte Mart in the Weihai Economic and Technical Development Zone in Shandong.

Lotte Group currently owns 58 Lotte Marts in South Korea and with the implementation of its globalization strategy, the group plans to set up 300 Lotte Marts in China by 2018.