Spencer's Retail is an Indian chain of retail stores headquartered in Kolkata, West Bengal. It has presence in over 35 cities. Spencer's is based on the 'Food First' Format (it mainly offers fresh and packaged food). Many outlets offer multiple formats for retailing food, apparel, fashion, electronics, lifestyle products, music and books. It is owned by RP-Sanjiv Goenka Group.
History
Spencer's began operations as a retail chain in the early 1990s[2] in Southern India.
Between 2006 and 2009, Spencer's brand expanded rapidly and at one point of time, had 300+ stores.
In 2008, Spencer's opened its largest store in India in the eastern Indian metropolis of Kolkata. The store spreads over 72000 sqft and is located in the South City Mall.
During 2009 to 2016 it underwent consolidation by shutting down non-performing stores and the Company achieved break-even EBITDA by 2016. The strategy is profitable growth in chosen geographies.
In 2015, Spencer's acquired the online grocery store Meragrocer for an undisclosed amount. Spencer's has been strengthening omnichannel efforts since then.