Retailers/Spencer’s Retail/News

Spencer's Retail news

16 June 2021
Vaccination to protect against COVID-19 is now more accessible in Asia, but the uptake has been sluggish.  To encourage more people to get the jab, some retailers as well as suppliers from the food and grocery industry are offering discounts and prizes for vaccinated individuals.  Hong Kong: ParknShop, Watsons and Sa Sa offer cash vouchers The CK Group has launched a lottery for Hong Kong r...
04 May 2021
India’s second wave of COVID-19 infections continue to worsen, with no signs of slowing down.  The country’s overwhelmed healthcare system faces a shortage of hospital beds, oxygen, medicines and vaccines.  This has prompted another round of movement restrictions, with shorter operating hours even for grocery operators and other essential services.  And as more frontline workers report unwell, re...
21 May 2019
Retailer gains an immediate presence in Mumbai, Bengaluru and Pune. Deal estimated to be worth US$43m Spencer’s Retail, owned by RPG Enterprises, announced that it will acquire convenience retailer Nature’s Basket from Godrej Industries. The deal is estimated to be valued at US$43m and is awaiting approval from shareholders of both companies. The RPG Group currently operates 156 supermar...
27 November 2018
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...
13 April 2017
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...
22 December 2015
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...
26 May 2015
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...
20 January 2015
Indian retailer Spencer's has laid out its plans for 2015 with information on store expansion, sourcing strategy and its foray into ecommerce. Store expansion to focus on east and south of country As with most Indian retailers, Spencer's is still experimenting with its format in order to achieve profitability. However, the majority of its new stores in the future will be compact hypermarket...
02 July 2014
For Indian grocery retailing 1 May 2006 will go down in history. As India's first international modern trade hypermarket threw open its doors in Mumbai, things would never be the same again. Big change has happened since then, however less than a handful of modern retailers have actually managed to make a profit. We examine some of the challenges they face and show why the size of the prize is ju...
16 May 2014
BJP's victory BJP led by Modi is back in power after a decade in opposition, taking advantage of public anger at Congress for uncontrolled high prices, corruption scams and rising unemployment. However, its victory could be a bad news for foreign retailers like Walmart, Carrefour and Auchan who wish to introduce their grocery retail formats into the country. Significant liberalisation of ...