Spencer’s news and archive

Spencer’s Retail launches apparel brand '2Bme'

Spencer's has launched 2Bme, a range of apparels for men and women. The range is available at all eight hyper stores of Spencer's in Kolkata. Soon outlets at National Capital Region as well as outlets in Hyderabad, Vizag, Lucknow and Chennai will have the range. Spencer’s expects to garner Rs 300 crores revenue from the brand in the next four...

Business

Spencer’s net loss widens to Rs 114 cr in FY14-15

Spencer's Retail has reported a net loss of Rs 114 crores for fiscal year 2014-15. The company had reported a net loss of Rs 111 crores during the previous financial year. The loss widened despite registering higher revenue of Rs 1,688 crores during the year under review as against Rs 1,474 crores in 2013/14, the company said in a statement....

Retail

Spencer’s to now focus on ecommerce plans

With physical retailers charting out ecommerce plans to woo customers, Spencer’s Retail too has fallen in line. Shashwat Goenka, son of RP-Sanjiv Goenka, Group Chairman Sanjiv Goenka, who now leads the Spencer's Retail chain is in the process of firming up plans. The company is taking a planned and well-researched route before actually launching...

Apparel

Spencer’s looks to break even

Spencer’s Retail is expecting to break even within the next two to three years. The company will invest another Rs 90 crores in the next fiscal to set up 15 to 20 new stores in the country. Spencer’s, owned by the RPG group, will focus on the hypermarket format. It’s also looking to increase the share of private labels. Spencer’s Retail, plans...