Spencer's Retail is an Indian chain of retail stores headquartered in

Kolkata Kolkata, also known as Calcutta ( its official name until 2001), is the capital and largest city of the Indian state of West Bengal. It lies on the eastern bank of the Hooghly River, west of the border with Bangladesh. It is the primary ...

, West Bengal. It has presence in over 35 cities. Spencer's is based on the 'Food First' Format (it mainly offers fresh and packaged food). Many outlets offer multiple formats for retailing food, apparel, fashion, electronics, lifestyle products, music and books. It is owned by RP-Sanjiv Goenka Group.

History

Spencer's began operations as a retail chain in the early 1990s in Southern India. Between 2006 and 2009, Spencer's brand expanded rapidly and at one point of time, had 300+ stores. In 2008, Spencer's opened its largest store in India in the eastern Indian metropolis of

. The store spreads over and is located in the South City Mall. During 2009 to 2016 it underwent consolidation by shutting down non-performing stores and the Company achieved break-even EBITDA by 2016. The strategy is profitable growth in chosen geographies. In 2015, Spencer's acquired the online grocery store Meragrocer for an undisclosed amount. Spencer's has been strengthening omnichannel efforts since then. The company launched a diversified private label program and has been focusing on increasing share of high margin categories. The company achieved positive after tax profit for the year 2018-19 As of June 30, 2019, the total number of stores was 160 on a standalone basis. On July 4, 2019, Spencer Successfully Completed the acquisition of Nature's basket limited from Godrej Industries Ltd. The company claimed that the acquisition would help them give access in India's western markets with around 31 physical stores in major cities.

Formats

Stores are largely set up in one of 2 formats. * Convenience stores, called Spencer’s * Hypermarkets, called Spencer’s Hyper

Key people

* Shashwat Goenka Sector Head * Anuj Singh MD & CEO * Neelesh Bothra - CFO * Rahul Nayak - Executive Director - Supply Chain * Aniruddha Bannerjee - CSO * Sutanu Choudhury - CHRO

Private brands

Spencer's offers a wide range of private brand products that in both food and non-food categories. 'Spencer's Smart Choice' is the leading instore brand which labels products ranging from juices, noodles, cookies, honey, air fresheners etc. Spencer's has the 'Clean Home' range of home improvement products and 'Tasty Wonders' range of snacks and impulse foods. Spencer's offers general merchandize products under the brand name of Maroon, which includes Non-stick and hard anodized pans, plastic goods and foils.

Expansion

Retail chain Foodworld was bought over by the Future Group. All stores were re-branded under the Spencer's banner once formalities are completed.

References

External links

* {{RPG Group Hypermarkets Supermarkets of India Companies based in Kolkata Retail companies established in 1863 RPG Group Indian companies established in 1863 RPSG Group