Spencer's opens hyper outlets in Vijayawada

Vijayawada, Nov 5 (UNI) After its tremendous success at Hyderabad and Visakhapatnam, the Spencer's Retail today opened a hyper outlet here by presenting international shopping experience to shoppers.

Addressing the press, after launching the store, its senior Vice-President Ramesh Menon said the hyper market would offer about 25,000 products of superb quality and range under one roof.

He said the Spencer's was a destination store for garments, toys, electronic goods and electricals, pharmacy and cellular products.

Mr Menon said so far, the Spencer's had opened 328 outlets, which included 15 hyper markets, 11 super markets, 297 express and daily stores across 55 cities and had a national consumer base of over 40 million.

He said the Spencer's books, music world and toys stores were launched in Guragaon and a similar one would come up in Kolkata in two weeks time. Its hyper markets would come up in Kolkata and Calicut and two more in Hyderabad shortly, he added.

Spencer's achieved a turnover of Rs 480 crore during the last year and it was expected to touch Rs 1,000 crore by the year end.

'Trinetra', 'Magna' and 'Food World' were its competitors, he revealed.

Mr Menon said Spencer's stores would come up in Orissa, Jharkand and Indore in the next two months.

There were about 60 Spencer's Daily in Andhra Pradesh and in the next four to five months its outlets would be launched in Kakinada and Rajahmundry, Mr Menon added.

UNI