Organized retail in Uttar Pradesh witnessed a setback as Reliance has to close its Fresh outlets in Lucknow, Ghaziabad and Noida.
The retailing giant - Reliance Retail - has announced the termination of services of about 850 odd employees and has hinted at winding up operations in the state.
One of its top executives was quoted to have said something to the effect that there was no sense in staying invested if they are not allowed to open the stores.
One strange phenomenon that I have witnessed in the entire episode is that a major chunk of the protests against the organized retail has been targetted at Reliance Retail and its outlets.
Thursday, September 27, 2007
Tuesday, September 18, 2007
Rough Weather for Organized Retail continues
The latest salvo at the organized retail has come from the fire-brand leader Uma Bharti of MP.
She led hundreds of supporters in protest against the proliferation of retail chains promoted by corporates in the country. The immediate target of their attack was the Reliance Fresh store at Indore. They forced the outleft of Reliance Retail to shutdown.
The company representatives had already closed the shop before the rally reached its doorsteps. Uma Bharti still put a lock on its entrance to formalize the shutting of the shop.
The leader of the Bhartiya Janshakti Party - Uma Bharti - has set a 2 week deadline for Reliance Retail to close all its retail outlets in Bhopal and Indore threatening the organization with dire consequenses. She has also warned Walmart to refrain from advancing its plans of opening a chain of retail stores.
After UP, West Bengal, Kerala - a political leader in MP has stood up against the corporate and multinational organized retail players.
The voices from the small traders - owners of the stores in the unorganized retail arena of the country - have started getting support from some political leaders.
She led hundreds of supporters in protest against the proliferation of retail chains promoted by corporates in the country. The immediate target of their attack was the Reliance Fresh store at Indore. They forced the outleft of Reliance Retail to shutdown.
The company representatives had already closed the shop before the rally reached its doorsteps. Uma Bharti still put a lock on its entrance to formalize the shutting of the shop.
The leader of the Bhartiya Janshakti Party - Uma Bharti - has set a 2 week deadline for Reliance Retail to close all its retail outlets in Bhopal and Indore threatening the organization with dire consequenses. She has also warned Walmart to refrain from advancing its plans of opening a chain of retail stores.
After UP, West Bengal, Kerala - a political leader in MP has stood up against the corporate and multinational organized retail players.
The voices from the small traders - owners of the stores in the unorganized retail arena of the country - have started getting support from some political leaders.
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