Spencer's Retail is an Indian chain of retail stores headquartered in Kolkata, West Bengal. It has presence in over 35 cities. Spencer's is based on the 'Food First' Format (it mainly offers fresh and packaged food). Many outlets offer multiple formats for retailing food, apparel, fashion, electronics, lifestyle products, music and books. It is owned by RP-Sanjiv Goenka Group.
Spencer's began operations as a retail chain in the early 1990s[2] in Southern India.
Between 2006 and 2009, Spencer's brand expanded rapidly and at one point of time, had 300+ stores.
In 2008, Spencer's opened its largest store in India in the eastern Indian metropolis of Kolkata. The store spreads over 72,000 square feet (6,700 m2) and is located in the South City Mall.
During 2009 to 2016 it underwent consolidation by shutting down non-performing stores and the Company achieved break-even EBITDA by 2016. The strategy is profitable growth in chosen geographies.
In 2015, Spencer's acquired the online grocery store Meragrocer for an undisclosed amount. Spencer's has been strengthening omnichannel efforts since then.
The company launched a diversified private label program and has been focusing on increasing share of high margin categories.
The company achieved positive after tax profit for the year 2018-19
As of June 30, 2019, the total number of stores was 160 on a standalone basis. On July 4, 2019, Spencer Successfully Completed the acquisition of Nature's basket limited from Godrej Industries Ltd. The company claimed that the acquisition would help them give access in India's western markets with around 31 physical stores in major cities.
Spencer's offers a wide range of private brand products that in both food and non-food categories. 'Spencer's Smart Choice' is the leading instore brand which labels products ranging from juices, noodles, cookies, honey, air fresheners etc. Spencer's has the 'Clean Home' range of home improvement products and 'Tasty Wonders' range of snacks and impulse foods. Spencer's offers general merchandize products under the brand name of Maroon, which includes Non-stick and hard anodized pans, plastic goods and foils.
Expansionedit
Retail chain Foodworld was bought over by the Future Group. All stores were re-branded under the Spencer's banner once formalities are completed.
spencer, retail, indian, chain, retail, stores, headquartered, kolkata, west, bengal, presence, over, cities, spencer, based, food, first, format, mainly, offers, fresh, packaged, food, many, outlets, offer, multiple, formats, retailing, food, apparel, fashion. Spencer s Retail is an Indian chain of retail stores headquartered in Kolkata West Bengal It has presence in over 35 cities Spencer s is based on the Food First Format it mainly offers fresh and packaged food Many outlets offer multiple formats for retailing food apparel fashion electronics lifestyle products music and books It is owned by RP Sanjiv Goenka Group Spencer s Retail LimitedTypePublicTraded asNSE SPENCERS BSE 542337IndustryRetailFounded1863 as Durrant amp SpencerFoundersCharles Durrant amp John William SpencerHeadquartersKolkata West Bengal IndiaNumber of locations120 Across 35 Cities 1 ProductsSupermarketHypermarketSuperstoreConvenience shopNumber of employees5000 ParentRP Sanjiv Goenka GroupWebsitewww wbr spencers wbr in Contents 1 History 2 Formats 3 Key people 4 Private brands 4 1 Expansion 5 See also 6 References 7 External linksHistory editSpencer s began operations as a retail chain in the early 1990s 2 in Southern India Between 2006 and 2009 Spencer s brand expanded rapidly and at one point of time had 300 stores In 2008 Spencer s opened its largest store in India in the eastern Indian metropolis of Kolkata The store spreads over 72 000 square feet 6 700 m2 and is located in the South City Mall During 2009 to 2016 it underwent consolidation by shutting down non performing stores and the Company achieved break even EBITDA by 2016 The strategy is profitable growth in chosen geographies In 2015 Spencer s acquired the online grocery store Meragrocer for an undisclosed amount Spencer s has been strengthening omnichannel efforts since then The company launched a diversified private label program and has been focusing on increasing share of high margin categories The company achieved positive after tax profit for the year 2018 19As of June 30 2019 the total number of stores was 160 on a standalone basis On July 4 2019 Spencer Successfully Completed the acquisition of Nature s basket limited from Godrej Industries Ltd The company claimed that the acquisition would help them give access in India s western markets with around 31 physical stores in major cities Formats editStores are largely set up in one of 2 formats Convenience stores called Spencer s Hypermarkets called Spencer s HyperKey people editShashwat Goenka Sector Head Anuj Singh MD amp CEO Neelesh Bothra CFO Rahul Nayak Executive Director Supply Chain Aniruddha Bannerjee CSO Sutanu Choudhury CHROPrivate brands editSpencer s offers a wide range of private brand products that in both food and non food categories Spencer s Smart Choice is the leading instore brand which labels products ranging from juices noodles cookies honey air fresheners etc Spencer s has the Clean Home range of home improvement products and Tasty Wonders range of snacks and impulse foods Spencer s offers general merchandize products under the brand name of Maroon which includes Non stick and hard anodized pans plastic goods and foils Expansion edit Retail chain Foodworld was bought over by the Future Group All stores were re branded under the Spencer s banner once formalities are completed See also edit nbsp India portalFoodworld Spar retailer Big BazaarReferences edit RPG Spencers Profile Spencer s website External links editOfficial website nbsp Retrieved from https en wikipedia org w index php title Spencer 27s Retail amp oldid 1177014395, wikipedia, wiki, book, books, library,
