Reliance Retail to open 5,000 all-in-one smart point stores

Reliance NSE 0.65 % Retail plans to open around 5,000 outlets that will be convenience store, pharmacy, diagnostic centre, telecom services and financial services products outlet all rolled into one across the country, two people privy to the development said.

The new-format stores called Reliance Smart Point will come up over the next one year or so, one of them said. The stores will also sell fashion and electronics, and wherever feasible they will have charging points for electric vehicles, the person said.

Reliance Retail did not respond to an email seeking comment as of press time Monday. Each outlet will be spread over 2,000-5,000 square feet, the sources said.