The Rs9,500-crore RPG Group''s retail outlet brand Spencer's Retail has opened 80 new retail outlets across the country making it the largest super market brand in India. Spencer's has a national footprint with seven hypermarkets, three supermarkets and 70 daily use outlets, called Dailies.
According to a media communiqué from RPG Group, Spencer's Retail will open six Spencer's Dailies in Pune, Hyderabad, Trichy and Bangalore. Plans to open more Spencer''s hypermarkets and Spencer's Supers are also in the pipeline this year.
The company says that in October, 2006, Spencer's Retail will open one new store every two days throughout the month all across the country.
All the newly opened Spencer's stores will stock every conceivable product that is required by a household on a daily basis. At Spencer''s Daily shoppers can get fresh fruits, vegetables, fast-moving consumer goods, household items, groceries, with regular offers and discounts.
J H Mehta, president, Spencer's Retail, said, "We have a very ambitious and speedy growth plan for 2006-07. Keeping the retail industry in mind, Spencer's is planning to double its sales revenues every year.''''
Spencer's outlets are divided in to three retail formats. These are, Spencer's Hyper, the over 25,000-sq ft hypermarkets stocking over 25,000 items. The 8,000sq ft to 15,000-sq ft mini hyper stores, branded as Spencer''s Super and the daily purchase 4,000-sq ft to 7,000-sq ft Spencer's Daily for groceries, fresh food, chilled and frozen products, bakery and weekly top up shopping.