Spencer’s Retail ltd, part of RP-Sanjiv Goenka Group, plans to open about 80 large format stores by 2017, a company official said on Friday.
In this financial year alone, the company plans to open 12 such stores, Spencer’s Retail Chief Executive Mohit Kampani told the news agency.
“Currently, we have 26 stores. This is our 27th store. We are planning to open around 80 large format stores in a four year period.. “, said Kampani after inaugurating the first large format store -- Spencer’s Hyper at Velachery near here.
Though it is called a large format store, the Spencer’s Hyper in Chennai is relatively smaller in size, since it is spread on a 23,000 square feet land compared to other planned stores in the range of 29,000 square feet each, he said.