14 February 2023, Mumbai
Reliance Retail opened 17 new stores across India in January 2023.
These are 12 new stores of John Player and five new stores of Lee Cooper. The John Player stores are in Mysore, Tumkur, Hyderabad, Jabalpur, Shahdol, Rewari, Amravati, Rewa, Jaipur, Motihari and Tikamgarh. The Lee Cooper stores are in Bangalore, Mangalore, Nizamabad, Hyderabad and Jaipur.
Launched in 2002, John Player is a mid-segment men’swear brand. The brand was acquired by Reliance Retail in 2019 from the ITC Group. Founded in 1908 in England, Lee Cooper is a clothing and footwear manufacturing company, specialising in denim products. The brand is responsible for bringing denim jeans to the UK market. Reliance Retail acquired the brand from Future Group in October 2021.
The high number of store openings in a single month is testimony to the fact that Reliance Retail is ramping up its expansion plans for this year.
For the third quarter Reliance Retail’s net profit grew by six per cent. The company’s revenue from operations surged by 18 per cent. Gross revenue, which includes the value of sales and services, rose 17 per cent. This increase in the revenue was led by well-rounded growth across all baskets and channels.
