Omni-channel experience
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Reliance Retail reports 2.7% profit rise in Q3
Yahoo Finance· 2026-01-19 11:51
Core Insights - Reliance Retail Ventures Limited (RRVL) reported a 2.7% increase in profit for Q3 FY26, with profit after tax rising to Rs 35.51 billion ($390.6 million) from Rs 34.58 billion in Q3 FY25 [1] - The company achieved consolidated revenue growth of 8.1% year-on-year, reaching Rs 976.05 billion, with revenue from operations increasing by 9.2% to Rs 869.51 billion [2] Financial Performance - EBITDA from operations increased by 2.1% to Rs 67.70 billion, while overall EBITDA rose by 1.3% to Rs 69.15 billion, with the EBITDA margin narrowing to 8% [3] - For the nine months ending December FY26, gross revenue totaled Rs 2,717.94 billion, compared to Rs 2,422.50 billion in the same period last year, with nine-month EBITDA at Rs 201.12 billion [3] Operational Highlights - RRVL added 431 stores, bringing the total to 19,979 outlets, with retail area expanding to 78.1 million square feet [4] - Registered customers increased by 11.8% year-on-year to 378 million, and quarterly transactions surged by 47.6% to 524 million [4] E-commerce and Customer Engagement - JioMart expanded to over 5,000 pin codes across more than 1,000 cities, achieving 1.6 million daily orders [4] - Average daily orders rose by 53% quarter-on-quarter and over 360% year-on-year, with the merchant network increasing by 22% [5] Segment Performance - The fashion and lifestyle segment saw festive-driven demand across more than 1,300 cities, with Ajio's average basket value increasing by 21% year-on-year [5] - The Jewels business experienced a 73% year-on-year rise in average bill value, with old gold exchange sales accounting for 29% of total sales, up from 21% a year earlier [6]
CarMax Opens First Arkansas Store in Rogers, Expanding to 42 States Nationwide
Globenewswire· 2025-11-20 15:35
Core Insights - CarMax, Inc. has opened its first store in Arkansas, located in Rogers, bringing nearly 30 jobs to the area and expanding its total to 255 stores across 42 states [1][5] - The new store spans 11,500 square feet and can stock approximately 500 used vehicles, enhancing CarMax's ability to serve customers with a diverse inventory [1] - CarMax emphasizes a customer-focused omni-channel experience, allowing customers to buy and sell vehicles online, in-store, or through a combination of both [2][5] Company Overview - Founded over 30 years ago, CarMax is the largest retailer of used cars in the U.S., recognized for its "no-haggle" car-buying model [5] - The company has more than 28,000 associates and has been listed as one of the Fortune 100 Best Companies to Work For® for 21 consecutive years [4][5] - CarMax offers a 10-day Money Back Guarantee, allowing customers ample time to decide on their vehicle purchase [5] Community Engagement - CarMax is committed to community support and social impact, with initiatives like the CarMax Foundation that encourages associates to engage with charitable organizations [3][4] - The company aims to explore ways to give back to the Rogers community following the store's opening [3]