The focus for Spencer's Retail is profitable growth: Shashwat Goenka

We want to ensure that the new stores we open become profitable from the first year itself and add to the bottomline, said Goenka

The retail industry is getting back on its feet from the lows of lockdown a year ago to contain the Covid-19 pandemic. In an interview, Shashwat Goenka, sector head - Retail and FMCG of the RP-Sanjiv Goenka group, tells Ishita Ayan Dutt that consumer confidence is picking up incrementally and the company is charting out growth plans. Edited excerpts:

What kind of recovery have you seen quarter-on-quarter?

We have seen recovery through the pandemic. More people are coming back to the stores, more people are stepping out, people are buying more. It’s increasing incrementally, which is a good sign. Between