The department store company and Waitrose owner now plans to invest in eCommerce and build rental homes.
The furniture giant’s new CEO plans to open a record number of new stores, but with a different format from before.
The investment comes months after Reliance’s launch of JioMart, aimed at tapping into India’s $825 billion retail market.
The world’s largest retailer made enormous gains in the second quarter even as the US continues to grapple with COVID-19.
Over the last few weeks and months, businesses across the world have been racing to pivot their focus towards online operations in response to the coronavirus crisis and the associated changes in consumer habits.