The same store sales growth for fashion and apparel was 25 per cent on a YoY basis, while grocery grew 28 per cent. Reliance Retail added 510 stores during Q4FY19 and 2,829 stores during the financial year. Now, Reliance Retail operates 10,415 stores, covering over 22 million sq ft of retail space.
The company operates 10,415 stores in over 6,600 cities, covering an area of over 22 million sq ft as on March 31, 2019. Reliance Retail operates 516 petro retail outlets as on March 31, 2019.
Commenting on pulling out fashion and lifestyle products from e-commerce platforms like Amazon and Flipkart, V Srikanth, chief financial officer, RIL, said the products recalled did not have any major impact on the retail sales. These products are available on their e-commerce platform AJIO and the move would bring additional traction for AJIO.
Ajio.com, the online fashion platform, has built a strong base of loyal customers with around two-thirds of its revenue originating from repeat customers.
During the year, Ajio.com doubled its product catalogue to offer over 130,000 options and the website got over 300 million hits during the year.