Reliance Retail now resurrects for big expansion

After a two-year freeze on expansion following the global financial meltdown, the supermarket and hypermarket chains of Reliance Retail Ltd, a subsidiary of Reliance Industries Ltd, are now ready to expand in a big way. A change in management, among other expansion strategies has put Reliance on an upward trend. The company intends doubling its stores this year in several specialty formats, but expansion of value retail would depend on how the new models worked. Mega expansion of Reliance Retail will bring in a new business opportunity for the signage company dealing with in-store signage or displays.