SPENCER’S TO ADD 20 NEW HYPERMARKET STORES IN FY19
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.