Reliance Retail Takes Netmeds Offline With First Physical Pharmacy Store In Chennai
Reliance Retail has extended its acquired online pharmacy brand Netmeds into brick-and-mortar, opening a physical store in Chennai. The move deepens Reliance's healthcare and pharma retail footprint and signals an omni-channel play in a fast-consolidating pharmacy segment.
Reliance Retail entered offline pharmacy retail by opening a Netmeds physical store in Chennai, extending the acquired online pharmacy brand into brick-and-mortar and deepening Reliance's healthcare/pharma retail footprint.
Why this matters
Netmeds, acquired by Reliance Retail, moves beyond its online pharmacy roots with a first physical Chennai store, building an omni-channel presence in a consolidating pharmacy market.
Store-opening activity is steady with 1,227 signals over the past 90 days.