Spencer's investing huge, expanding stores

RPG Group company Spencer’s Retail expects turnover from its specialty division to increase five folds in the next three years and touch Rs 500 crore. With that the contribution of the specialty division to the overall turnover of Spencer’s Retail will increase to up to 25 per cent in the next three years from 10 per cent at present. As part of plans to achieve its target, the company will be investing about Rs 30 crore this year to increase number of stores across brands in the existing locations and entering new cities across India. A new shift of Spencer’s stores across the country will bring in a new opportunity in the in-store signage segment where PSPs, sign makers, fabricators can tap bran dnew business.