Spencer’s Retail draws plans to add around 15 hyper stores every year

Spencer’s Retail announces to open 10-15 stores every year focusing at hyper format over the next few years. What the company has planned is addition of the store in phased manner. The company is planning to open nine stores this year. It has been planned to invest Rs 3-5 crore in each store and on this basis Spencer’s will pump anywhere between Rs 40-60 crore a year in adding these new stores. Now the retail domain is gaining a new momentum of expansion with the opening of these high-end stores across the country. In such new development in the sector, signage players engaging in in-shop designs, displays and related activities will be able to tap new business opportunity for projects in in-shop branding, fabrications, designs and related activities.