Reliance Retail has inaugurated the fiftieth Hole retailer in India at Phoenix Palladium Mall in Mumbai, reaching a brand new benchmark in its alliance with the worldwide attire label.
The milestone follows the 2 corporations’ coming into a franchise settlement in 2022, making Reliance Retail the official retailer for Hole throughout all channels in India.
The shop showcases an intensive assortment of Hole’s trendy necessities, together with denim, emblem merchandise and khakis for all ages.
Reliance Retail Restricted trend and life-style president and CEO Akhilesh Prasad said: “We’re thrilled to unveil the brand new Hole retailer at Phoenix Palladium Mall. This retailer represents a recent and vibrant evolution of Hole’s retail expertise in India, combining world type with unbeatable worth.
“On visiting the brand new Hole shops, prospects won’t solely uncover the brand new product vary, however a tech-enabled purchasing expertise together with sensible trial rooms, an infinite aisle and an omni expertise, together with a greater value worth.”
The Phoenix Palladium retailer displays Hole’s dedication to mixing type, accessibility and innovation.
With plans to additional broaden in India, the model goals to introduce its signature type and high quality to a broader viewers.
Hole franchise and wholesale senior vice-president Facundo Ginobili said: “We’re proud to associate with Reliance Retail to proceed rising the GAP model in India. Attaining this milestone of fifty shops displays the unimaginable enthusiasm for the model available in the market and reinforces our dedication to delivering iconic American type to prospects throughout the area.”
Reliance Retail not too long ago reported that its income for the third quarter (Q3) of fiscal 2025 (FY25) reached Rs903.33bn ($10.45bn), marking an 8.8% improve year-on-year (YoY) and an 18.4% rise quarter-on-quarter.
The corporate’s operational earnings earlier than curiosity, taxation, depreciation and amortisation (EBITDA) noticed a 9.8% Y-o-Y enchancment.
The retail big reported a revenue after tax of Rs34.85bn for the quarter, a ten.1% YoY enhancement.
Throughout this quarter, Reliance Retail inaugurated 779 new shops, bringing the whole depend to 19,102 shops masking an operational space of 77.4 million ft2.
Q3 of FY25 additionally witnessed footfall exceeding 296 million, demonstrating 5% YoY progress.
“Hole’s fiftieth Indian retailer opens at Mumbai’s Phoenix Palladium mall ” was initially created and revealed by Retail Perception Community, a GlobalData owned model.
The data on this website has been included in good religion for basic informational functions solely. It’s not meant to quantity to recommendation on which it’s best to rely, and we give no illustration, guarantee or assure, whether or not specific or implied as to its accuracy or completeness. You should get hold of skilled or specialist recommendation earlier than taking, or refraining from, any motion on the idea of the content material on our website.
