Spencer’s Retail to host Black Friday sale, expects strong sales
RP-Sanjiv Goenka Group-owned Spencer’s Retail will host the second edition of its Black Friday Sale in all 160 outlets across the country and online from November 27 to 29.
The retailer will be offering huge discounts and expects strong sales during the three-day sale event. Spencer’s Retail has said that it will be following all the necessary Covid-19 protocols at its stores and will encourage shoppers to shop online across India.
Commenting on the sale event, Devendra Chawla, CEO Spencer’s Retail in a statement said: “At Spencer’s our constant endeavour has been to ensure savings for our customers every time they shop with us. With Black Friday sales, our customers can avail one of the lowest price drops of the year across online, phone delivery, and instore channels.”
Due to the Covid-19 disruptions, the company had reported a consolidated net loss of Rs 45 crore ($6.1 million) for the second quarter ended September 2020, and also saw a drop in revenue at Rs 617 crore.
The Kolkata-based Spencer's Retail currently operates close to 160 multi-format stores in over 42 cities in India. It sells a wide range of products including apparel, footwear, cosmetics, home essentials, and more.
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