I haven’t seen any Dmart open and then close down. Probably there are but never seen one in the places I know of. I’ve seen reliance close stores. I’ve seen big bazaar close stores and and every other retailer. Never DMART.
Does that mean anything for reliance? Probably not. Does that mean anything for DMART. Definitely. It shows how meticulously they have planned their store locations. I might be biased but DMART has captured the mind space of shoppers. People assume they are the best.
As for reliance their advantage is the ability to throw money, loads of it at a problem. But sitting at a net debt of 200,000 crores can they afford to throw vast amounts of cash at problems? If so why are they talking of being a zero debt company in 18 months?
I think reliance will continue to do well over a period of time. But hopefully we will get into a level playing field where reliance will not need to depend on the support of government and regulatory bodies to compete with the others. It will be good for the society if that happens.