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vivekkumar_in
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Joined: 19/Sep/2006
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   Posted: 24/Apr/2007 at 11:17pm |
Originally posted by basant
In that book "It happened in India" Biyani indicates specific problems that franchising has in India. he started with this model but had to change track very soon. |
oo.. Okay... That must be true..B'cause All that happens in world..may not be applicable in India.. In India somethings may not work because of the intricacies of running the business.. Most mom & pop stores run without putting bills or receipts, thereby avoiding sales tax, maintaining dual books etc.. This fever will catch franchising also.. thereby shaving off profits for the Chain.. Makes sense... Biyani is the man..
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Often we forget there's a company behind every stock,and there's only one reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies.
P Lynch
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CHINKI
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Joined: 07/Feb/2007
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Posted: 24/Apr/2007 at 3:02am |
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Basanthji,
Your observation about selling one of the product at less price is correct. I remember they were selling Onions/Potatos at Rs.7/- per KG. while it is around Rs.10/- to Rs.12/- at my place. I saw almost everybody carrying them.
Edited by CHINKI - 24/Apr/2007 at 3:02am
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TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO
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CHINKI
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Posted: 27/Apr/2007 at 4:12pm |
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Reliance Retail opens 74 outlets in Q4
Reliance Retail, a subsidiary of Reliance Industries opened 74 Reliance Fresh outlets in the last quarter of 2006-07, taking the total number to 135.
Reliance Fresh, a chain of fresh produce stores, is present in 16 cities and has a total area of over 370,000 sq ft.Of these, 96 stores were opened in 2006-07 in Hyderabad, Jaipur, Chennai, NCR, Ranchi, Bangalore, Guntur, Vijayawada, Visakhapatnam and Hyderabad, amounting to a store size of nearly 250,000 sq ft.
The company also launched the first consumer durables and IT pilot specialty store, Reliance Digital, in Faridabad.
This has a customer service component branded as ResQ and trained in-store associates providing technical and counselling assistance to the consumers.
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TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO
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basant
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Posted: 27/Apr/2007 at 4:16pm |
Any idea on the area in terms of square feet., The number of stores business is quite misleading. they intend to get to 100 million square feet by 2010.
Reliance Fresh stores are normally 2.5k each so that is not going to get them to 100 mn sq feet.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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CHINKI
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Posted: 27/Apr/2007 at 4:33pm |
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Basanthji,
They are very clever. They are not mentioning about each stores area. They are saying 96 stores totalling to 2.5L Sq.ft. which comes to more than 2.5K Sq.ft per shop.
If I recollect properly, the shop I visited is less than 1500 Sq.Ft.
Small question, do they take their godown area and other utilities area where customers doesnot go also into the total area calculation???
Edited by CHINKI - 27/Apr/2007 at 4:33pm
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TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO
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basant
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Posted: 27/Apr/2007 at 4:42pm |
Originally posted by CHINKI
Basanthji,
Small question, do they take their godown area and other utilities area where customers does not go also into the total area calculation??? |
No, How can that be. At least Pantaloon Trent and Shoppers Stop talk about the area which is at the customer interface - the front end.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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us121
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Posted: 27/Apr/2007 at 4:52pm |
[QUOTE=CHINKI] Immediately I called my dad since he does grocery shopping ( infact I would have made more than 10 calls from the shop to him to compare the rates). He is very good bargainer and gets quality materials at reasonable prices. When I told him about the scheme, he cooly said, I have bought 10KG at Rs.175/-. QUOTE]
Are Chinkiji,
Aap ke papa ko jaldi TED memeber bana do.
Hame bahot kuchh sikhne ko milega.
I think in today's time it is very rare to find such people.
And as is rightly said, you do not become rich only by earning but by judiciously spending there after.
Edited by us121 - 27/Apr/2007 at 4:54pm
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ABILITY will get u at d top. CHARACTER will retain u at d top
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vip1
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Joined: 09/Oct/2006
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Posted: 27/Apr/2007 at 8:09pm |
Reliance Fresh stores are normally 2.5k each so that is not going to get them to 100 mn sq feet.
Recently hey have opened up a Consumer durable store (Electronic)in GhaZiabad which will perhaps be from 5000-10000 sft . The Format of Big stores will be such to go up to 100000 square feet each in Form of Hyper and Supermarkets . In Delhi they have purchased properties on which 5 Lakh square feet can come up . So it is a mix of all Sizes of stores.
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