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Retailer gains an immediate presence in Mumbai, Bengaluru and Pune.

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Nine new stores opened in 90 days. Strengthening its presence in existing clusters Spencer’s Retail Limited, India’s oldest retailer, boosted its presence in the country by opening nine new stores in the past three months. The multi-format retailer now operates more than 140 stores across 40 cities. Of these, 33 are large format hypermarkets called Spencer’s Hyper. Instead of network exp...
RPG Group, which operates Spencer's retail in India, plans to enter FMCG manufacturing. Guilt-free Industries set up for new venture The new venture set up will sell packaged Indian, western snacks, juices and beverages under the 'Too Yumm' brand from next month. The plan is to launch a new consumer goods brand every quarter. Personal care and other segments will be added later. These produ...
In this round up we look at new retailer partnerships, expansion plans, pure play retailer acquisitions and also where Amazon is set to next test out its drone delivery service. Spencer's Retail acquires Indian pure play retailer Spencer's Retail has entered the online grocery market in India via the acquisition of Delhi-based online pure play startup meragrocer.com. The acquisition wil...
Spencer's Retail in India has reported higher revenues for its 2014/15 financial year, but has struggled to make a profit in the face of rising competition. Rising sales densities but losses continue Spencer's Retail saw its revenue increase to INR 1,688 crore (US$264m) during its last financial year, an increase of 14.5%, and in doing so also increased the trading intensity of its stor...

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