SPENCER’S TO ADD 20 NEW HYPERMARKET STORES IN FY19

Marwar - - All Things -

Ac­cord­ing to a news­pa­per re­port, Spencer’s Re­tail Lim­ited, a part of the RP-San­jiv Goenka Group, plans to add 20 com­pact hypermarket stores in FY 19, to­wards which the com­pany plans to in­vest around `45-50 crore. The com­pany ex­pects bet­ter rev­enue growth as well as same-store sales growth in FY19, in keep­ing with in­dus­try trends, hav­ing al­ready seen some growth in both the ar­eas in FY18. Spencer’s Re­tail is a multi-for­mat re­tail com­pany that pro­vides a wide range of prod­ucts, op­er­at­ing through a coun­try­wide chain of stores and hy­per stores. The man­age­ment of the com­pany is led by Shash­wat Goenka, in his ca­pac­ity as Sec­tor Head, Spencer’s Re­tail Lim­ited.

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