Spencer’s opens third hyper mart in Kolkata

August 9th, 2008 - 10:04 pm ICT by IANS  

Kolkata, Aug 9 (IANS) The Rs.135-billion RPG Enterprise’s retail arm Spencer’s Retail Ltd Saturday launched its third hyper mart in the city. “Kolkata is a case study of success for us. We set up our first store here in April last year and since then the growth has been unprecedented. We are already spread over 2 lakh (200,000) square feet in West Bengal which garners a footfall of about 5.5 million on a per annum basis,” said Sanjiv Goenka, vice chairman of RPG Enterprises.

This is Spencer’s 24th store in the city and 27th in West Bengal.

The new store is spread over 60,000 square feet and offers a wide range and assortment of merchandise in food and grocery, fruits and vegetables, electrical and electronics, home and office essentials, garments and fashion accessories, toys, personal care, music and mobility solutions.

Incidentally, this is the first hyper mart Spencer’s has launched after the Rashbehari Avenue outlet, which encountered lots of agitations from the hawkers’ here and the store’s inauguration was deferred.

By the end of March 2009, the company plans to increase the total number of stores by another 300, which would include 75 in large formats.

Goenka said: “Large format is currently driving modern retail in India. It promises to be a superior shopping experience for the current day discerning shopper who values time and money and also looks out for choice before making a purchase decision.”

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