{"id":6984,"date":"2026-05-09T11:49:00","date_gmt":"2026-05-09T06:19:00","guid":{"rendered":"https:\/\/www.thirdeyesight.in\/?p=6984"},"modified":"2026-05-14T12:16:01","modified_gmt":"2026-05-14T06:46:01","slug":"retail-chains-like-reliance-retail-dmart-go-on-store-expansion-spree-as-demand-recovers","status":"publish","type":"post","link":"https:\/\/myechoproject.com\/TES\/retail-chains-like-reliance-retail-dmart-go-on-store-expansion-spree-as-demand-recovers\/","title":{"rendered":"Retail chains like Reliance Retail, DMart go on store expansion spree as demand recovers"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><em>Writankar Mukherjee, Economic Times <\/em><br><em>Kolkata, 9 May 2026 <\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">India\u2019s top retail chains including Reliance Retail, DMart, Trent, Titan Company, Jubilant FoodWorks, and V-Mart Retail opened the highest number of stores in three years in FY26, seeking to capitalise on a demand recovery and a clean-up of unviable outlets added during the post-Covid revenge-spending period.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Entry into smaller towns and cities where many consumers continue to prefer shopping at physical stores over online is also influencing the expansion plans.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">An ET study of the 10 largest listed retailers showed they added 25% more stores in the last fiscal year compared to FY25. Additions are on a net basis after accounting for loss-making outlet closures.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Collectively, the retailers added 2,182 stores in FY26, equivalent to six new stores a day on a net basis. In comparison, they added 1,745 stores in FY25 and 1,865 in FY24.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Retailers attributed the store expansion spree to improving consumer sentiment, helped further by cuts in income tax and goods and services tax (GST) rates last fiscal, along with low penetration of organised retail in smaller towns and cities. Together, the ten retailers had 31,394 stores operational as of March 2026.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Expansion Set to Continue<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">V-Mart Retail chief executive officer Lalit Agarwal said the ongoing shift from unorganised to organised retail is fuelling this expansion as several companies are meeting their sales growth expectations. \u201cMany retailers have also raised capital, which they are deploying to grow topline,\u201d he said, adding that the \u201cgrowth phase will continue in the current fiscal as well.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Companies surveyed by ET also include Shoppers Stop, Westlife Foodworld, V2 Retail and Kalyan Jewellers. Together, the ten retailers had 31,394 stores operational as of March 2026. Their combined store count grew 7% in FY26, ahead of a 6% expansion in the year before.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Reliance Retail alone added 820 net stores last fiscal, rebounding from a slowdown in FY25 when it shut several unviable outlets that were opened immediately post Covid, impacting overall industry growth rates. The country\u2019s largest retailer had added 504 net stores in FY25, 796 in FY24, and 2,844 in FY23.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Similarly, Tata-owned Titan added 532 stores in FY23, but expansion moderated to 280-290 stores annually in FY25 and FY26.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">India\u2019s retail industry saw hyper expansion in late FY22 and FY23 as retailers sought to tap a boom in post-pandemic revenge shopping.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u201cRetail expansion now is more organic and measured as compared to the post Covid phase when there was a huge backlog of demand and over expansion,\u201d said Devangshu Dutta, founder and CEO at Third Eyesight, a consultancy in consumer space.<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"915\" height=\"693\" data-src=\"https:\/\/www.thirdeyesight.in\/wp-content\/uploads\/2026\/05\/ET-India-retail-stores-growth-2026.jpg\" alt=\"\" class=\"wp-image-6986 lazyload\" data-srcset=\"https:\/\/myechoproject.com\/TES\/wp-content\/uploads\/2026\/05\/ET-India-retail-stores-growth-2026.jpg 915w, https:\/\/myechoproject.com\/TES\/wp-content\/uploads\/2026\/05\/ET-India-retail-stores-growth-2026-300x227.jpg 300w, https:\/\/myechoproject.com\/TES\/wp-content\/uploads\/2026\/05\/ET-India-retail-stores-growth-2026-768x582.jpg 768w\" data-sizes=\"(max-width: 915px) 100vw, 915px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 915px; --smush-placeholder-aspect-ratio: 915\/693;\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><em>(Published in <a href=\"https:\/\/economictimes.indiatimes.com\/industry\/services\/retail\/retail-chains-like-reliance-retail-dmart-go-on-store-expansion-spree-as-demand-recovers\/articleshow\/130966492.cms\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Economic Times<\/a>)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Writankar Mukherjee, Economic Times Kolkata, 9 May 2026 India\u2019s top retail chains including Reliance Retail, DMart, Trent, Titan Company, Jubilant FoodWorks, and V-Mart Retail opened the highest number of stores in three years in FY26, seeking to capitalise on a demand recovery and a clean-up of unviable outlets added during the post-Covid revenge-spending period. Entry [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6985,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[25,708,27,212,249,746,215,631,33,625,668,60,36,235,37,3,270,43,44,46],"tags":[100,52,513,750,32,214,291,216,292,217,113,267,59,191,69,1020,1023,120,166,256,675,471,659,396,567,371,377,378,574,397,398,543,662,681,159,1022,810,1021],"class_list":["post-6984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-apparel","category-beauty-personal-care","category-branding","category-consumer","category-e-commerce","category-fmcg","category-food-grocery","category-food-service-restaurants","category-footwear","category-health-wellness","category-home-products","category-india","category-lifestyle-fashion","category-luxury","category-marketing","category-press-quotes","category-real-estate-2","category-retail","category-soft-goods","category-strategy","tag-brand-building","tag-branding","tag-chainstores","tag-dmart","tag-fashion","tag-food","tag-food-beverage","tag-food-grocery","tag-food-and-grocery","tag-food-service","tag-growing-brands","tag-growth","tag-india","tag-indian-market","tag-indian-retail-sector","tag-jubilant-foodworks","tag-kalyan-jewellers","tag-marketing","tag-modern-retail","tag-omnichannel","tag-phygital","tag-reliance","tag-reliance-retail","tag-same-store-growth","tag-shoppers-stop","tag-shopping-centres","tag-shopping-experience","tag-shopping-malls","tag-store","tag-store-efficiency","tag-store-productivity","tag-stores","tag-tata-group","tag-titan","tag-trent","tag-v2-retail","tag-vmart","tag-westlife"],"yoast_head":"<!-- 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