The Hindu Business Line : Spencer's Retail to open new stores

This month Spencer's Retail will open 15 brand new stores in 10 cities across the country, says a press release. This will take the number of Spencer outlets to 88. Among the places where the new stores will be opened are Madurai, Kochi, Gurgaon, Delhi, Coimbatore, Tirupur and Bangalore. Mr J.H. Mehta, President, Spencer's Retail, said, "We have a very ambitious and speedy growth plan for 2007. Spencer's Retail has introduced new shopping format located at an arm's length, in order to provide solutions to the daily top-up needs of our consumers. In the current span, each week we are opening at least two to three new Spencer's stores. Keeping the retail industry in mind, Spencer's is planning to double its sales revenues every year". The central theme of Spencer stores is: "get all you need from your new neighbour". Spencer's Retail is part of the Kokata-based Rs 9,500-crore RPG Group.

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