Reliance Retail opens its second Cash & Carry store in Bangalore

Reliance Retail today announced the launch of its second Cash & Carry store'Reliance Market'at TTMC Bus Stop, Bangalore following the first store which operates in Ahmedabad. The store caters to the needs of local kirana traders, small businesses, hotels, restaurants and offices offering a range of regional, national and international brands to its partner members, at very compelling wholesale prices. Randall Guttery, CEO, Reliance Market on the occasion said, "Reliance Market is built on the principal of offering inclusive growth to all our Kirana partners, by sharing the benefits of Reliance Market's strong sourcing capabilities and our relationships with a large network of vendors, and our retail experience in order to help our Kirana Partners become more profitable, more modern, provide more employment, and above all retain their competitive advantage and local flavor to co-exist alongside Modern Trade.”

Reliance Market is a one stop shopping experience of 50,000 sq. ft. and is equipped with the most modern storage facilities to ensure freshness of all food products. There is a collection of over 8,500 products, both food and non-food, with a large proportion of these sourced locally. The assortment ranges from fresh fruits and vegetables, dairy products, detergents and toiletries, staples, groceries, stationery, footwear as well as electronics and IT products. As this format only caters to the traders, one needs to have a business license issued either by the Government, Municipality or Panchayat to become a member of Reliance Market. Membership to Reliance Market is being initially offered free of cost. To obtain membership the traders, business customers, and procurement officers of qualifying businesses go through a short and simple registration process and provide either a copy of their Shops and Establishment License or VAT registration. The entire process will take less than 10 minutes. Reliance Market operates on extremely high volumes and low operational costs and passes these advantages to its members in the form of extremely low wholesale prices ensuring increased profits for its member partners.