Plans to open 10 new large format stores.
Spencer’s Retail Limited, the food-first multi- format retailer, launches its fifth hyper store in Kolkata at New Town Square. Spread over 40,000 sq. ft, the store will offer more than 20000 quality products in the categories of food, fashion, home, staples, FMCG, personal care and electronics. The products placed in the store are in tune with the catchment along with emphasis laid on ensuring convenient shopping to customers. The store decor has been designed by international store design consultants which provide a global setting comprising of modern day store fixtures, curved signage and so on to provide zone identification giving a visual relief to the shoppers. Spencer’s currently runs about 132 stores, including 27 large format stores across 45 cities in India, employing more than 5000 professionals who are specially trained to meet consumer needs. Speaking on their expansion plans, Kingshuk Basu, Executive Director, Operations, shares, “We are planning to open more than 10 large format hypers in the cities like Aligarh, Bhopal, Lucknow, Gurgaon, Raipur, Dhanbad, another store in Kolkata, Chennai, Rajamundri, Karappa. We are trying to add on three hundred thousand square feet of new trading area and this will be a very significant growth year for Spencer’s.”