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Spencer' to open 15 stores this month

BS Reporter  |  Mumbai 

The RPG group-promoted Spencer's will set up 15 brand new stores across 10 cities this month. Over the month, Spencer's retail will open 15 more Spencer's Dailies. The company has been on an expansion drive for the last six months.
With 88 outlets across the country, the move will help it consolidate position as one of the largest supermarket brands in the country.
Spencer's Dailies already has presence in cities such as Madurai, Bangalore, Palakkad, Kochi, Osmanpura-Aurangabad, Gurgaon, New Delhi, Coimbatore and Tirupur. The company plans to open more hypermarkets and Spencer's Supers in the next year.
The RPG group has under its umbrella seven hypermarkets, three Supermarkets, 74 Dailies, two Express, and two Fresh. The Spencer's brand name was introduced a year back by the group.
"In the current span, each week we are opening at least two to three new stores. Keeping the retail industry in mind, Spencer's is planning to double its sales revenues evey year," said J H Mehta, president, Spencer's.
Spencer's is part of the Rs 9,500 RPG group. The group's retail outlets, currently at 182, are expected to grow to 2,000 stores by 2009 and touch 4,000 outlets by 2011.

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First Published: Wed, December 13 2006. 00:00 IST