''In last three months, we have closed 56 stores, which is about 12 per cent of our store count. That was not part of our earlier plan,'' parent comany RPG Enterprises Vice-chairman Sanjiv Goenka told reporters here. However, he said the firm's Rs 2,500 crore expansion plan till 2010 was intact and the company will have 750 stores by then. At present, the firm has 400 retail stores.
Spencer's Retail is a unit of RPG group's flagship company CESC Ltd.