Goldman Sachs says, Reliance Retail best placed to win share in fresh food

Jun 21 2021 01:56 PM
Goldman Sachs says, Reliance Retail best placed to win share in fresh food

NEW DELHI: Goldman Sachs said in a report that Reliance Retail is best placed to win share in fresh food, rapidly accelerate store rollout and target the widest assortment through multiple formats and channels.

The  Goldman Sachs  quote reads: "We see three drivers for Reliance Retail's grocery business: (1) Omni-channel push with online share gains driven by Jiomart while leveraging its large offline store network; (2) Expanding presence in fresh, where Reliance is the largest player but remains under-indexed as a proportion of customer spending through organized retail and (3) Private label push beyond just packaged staples."

"However, in our view, the success of the entry into new categories will ultimately determine the scalability of the e-commerce or the omni-channel model. For offline retail, early Google trends data suggests almost a full return to normalcy in visits to grocery stores and supermarkets as the lockdowns have eased in most major towns. In some rural dominated states like Bihar or Uttar Pradesh, the recovery in supermarket visits has been even steeper," the report added.

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