Spencer news and archive

Kolkata the highest revenue-earner for big retailers

Though West Bengal’s chief minister Mamata Banerjee led Trinmool Congress is against government allowing 51 per cent FDI in multi-brand retail, India’s big retail chains and food outlets are finding Kolkata to be the highest revenue earner for them. For instance, Spencer’s Retail, Pantaloons and Future Group’s Home Town have their top-selling...

Apparel

West Bengal pushes up Spencer’s sales

The RPG Group owned Spencer’s Retail the multi-format retailer with hypermarkets and convenient stores recorded a same-store sales growth of 40 per cent in West Bengal this year. This has encouraged the company to further penetrate into smaller towns of West Bengal and at other states in the eastern region. West Bengal is already a lucrative...

Fashion

Retailers, brands pre-pone winter wear sales

As the mercury dips lower in the north India, winter seems to be spreading a lot of cheer among Indian apparel retailers. After doing brisk business with the winter wear collection on their shelves, most retailers and brands have now started discount sales. Perhaps a little early, for unlike previous years this time sales have started since...

Apparel

Spencer’s to treble its topline

Kolkata-based RPG Enterprises -- one of the earliest Indian entities to enter the modern retail business -- has opened one million sq. ft. of retail space. In the next 30 months, the company plans to double its trading area and treble its topline (from Rs 1,000 crores to Rs 3,000 crores). It also plans to increase its store-level profit 20...

Fashion

BHPC’s goals: To be a Rs 100 cr brand by 2012

Spencer's Retail the RPG Group hypermarket chain is giving a major push to Beverley Hill Polo Club (BHPC), the international brand it launched last year. And one of the big initiatives will be to launch BHPC Kids for boys and girls in the spring of 2011. As CEO Anurag Rajpal says, “Beverly Hills Polo Club is a very important brand for us. We...

Fashion

Spencer’s Retail to launch Ladybird this month

Spencer's Retail is betting big on its specialty retail format. The RPG Group hypermarket chain will introduce UK kid’s wear brand Ladybird this month as a part of its plans to increase focus on apparels. That’s not all, Spencer’s, which already retails Ecko Unlimited and Ecko Red under Mark Ecko brand, plans to launch the Cut & Sew brand under...