Spencer’s expands retail presence, adds 9 stores in 3 months

By

Maverick Martins

Published
Nov 23, 2018

Spencer’s Retail, the multi-format retailer from RP-Sanjiv Goenka Group, has strengthened its retail network with the addition of nine stores over the last 3 months across India.
 

The company is planning to further expand its retail network and exploring new territories to set up its stores.
 
Spencer’s has added its nine stores in cities like Kolkata, Lucknow, Gurugram, Noida and Hyderabad. The stores will offer a wide range of products including apparels, footwear, cosmetics, home essentials and more.

The stores will also house the company’s in-house fashion brand 2Bme which is endorsed by actors Ranbir Kapoor and Shraddha Kapoor.
 
Commenting on the expansion, a Spencer’s spokesperson said, “To consolidate the business, Spencer’s is dedicatedly selecting 360 degree catchments where the customers are looking for aspirational products in an affordable range. The expansion of Spencer’s currently is focussed at metros as well as in Tier I and II cities.
 
“In this FY we are further concentrating at spreading our network in the profitable zones like West Bengal, Delhi NCR, East UP and down south in Hyderabad and Chennai. In terms of product range, with more than 25,000 SKU’s (Stock Keeping Units), Spencer’s is constantly evolving in terms of its offing at each store," the spokesperson added.
 
The Kolkata-based Spencer’s started operations in 1863 and currently has 146 across 37 cities in India.