The trend of annual sales of large retailers, including the Future Group, Shoppers Stop and Spencer’s Retail, has set in. Interestingly, these sales contribute 20-40% to the overall revenues of these companies, along with…
Future Group, Hypercity, Spencers, Shoppers Stop happy with annual sales: Retailers
September 3, 2010 By Leave a Comment
Spencer’s Retail likely to break even by this fiscal-end
April 30, 2010 By Leave a Comment
Loss-making Spencer’s Retail is likely to break even towards the end of the 2010-11 fiscal, a company official said on Thursday. “We are looking at Rs.1,150 crore revenue in 2010-11, up from Rs.900 crore last year. We expect to start breaking even by the end of 2010-11,” Sanjeev Goenka, vice-chairman of CESC Ltd, told reporters [...]
Spencer’s to open 15 Large stores, invest Rs 100 crore
February 19, 2010 By Leave a Comment
RPG Enterprises’ retail arm Spencer’s Retail will invest about Rs 100 crore to open up to 15 large stores across the country this year. The company also said as part of its growth strategy, it will focus on expanding in the Tier-II cities and concentrate more on private labels. “This year we will open 10-15 [...]
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