Reliance Retail to open 50-60 ‘i stores’

Mukesh Ambani owned Reliance Retail (RRL) has announced that it has Reliance Retail to open 50-60 ‘i stores’ decided to open 50- 60 ‘i stores’ in the coming one and half year, and 150 Reliance Digital stores by 2011-2012 in the Indian markets.

Reliance Digital provides home appliance, consumer electronics, IT and telecom products. While i store is a Apple Premium Reseller store, which exclusively deals with Apple products.
 
According to authorities of the company, i store will built on 1,000-1,200 square feet of area, while Reliance Digital will cover 20,000-30,000 square feet of land.

Regarding earnings, the company is expecting Rs 7 crore from i store format and Rs 70 crore per annum from Reliance digital.

Recently, Reliance Retail planned to raise Reliance town centers (RTCs) in 18 different towns in Punjab, which would be ready in another 6-9 months with investment of Rs 8 billion.

Presently, the company has i store in Bangalore, Hyderabad, Mumbai and Jaipur and Reliance Digital stores in Hyderabad, Bangalore, Mumbai, Gurgaon and Ghaziabad.