Spencer's Retail Ltd launches new hyper market chain called 'Spencer's Value Market'

Spencer's Retail, India's foremost retail destination and part of RP-Sanjiv Goenka Group (RPSG), is all set to unveil its brand new hyper market chain called "Spencer's Value Market". Synonymous to its name, VALUE Market is a new-age hypermarket serving the needs of today's modern, well - informed and value conscious customers.

Spencer's Value Market is all set to launch at 6 locations, namely, Karimnagar, Warangal, Kurnool, Guntur, Bhimavaram & Vijayanagaram between 16th to 22nd January'23.

The new stores are designed as a one-stop shopping destination by offering wide range of national and regional brands and variety across food and grocery, personal and home care, fresh produce, bakery, general merchandise and apparels, while offering a bold promise of minimum 6% off on all products everyday and ensuring lowest price on daily essentials.

With the Value Market format, Spencer's aims to deliver a strong value proposition to its customers by offering best value, rewarding experience every time they shop while ensuring superior quality and service.

As Spencer's aspires to be the go-to place for a customers' complete household grocery needs, Value Market will play a key role in enhancing its reach and strengthening the connect with customers. Spencer's is proud to share that it operates 152 stores across 11 Indian cities, namely, Kolkata, Gurgaon, Noida, Banaras, Allahabad, Lucknow, Gorakhpur, Haridwar, Aligarh, Hyderabad and Chennai.

Highlights of Spencer's Value Market

- Promise of lowest price in the city on daily essential items.
- Minimum 6% discount on all items
- Has wide range of assortment across fruits & vegetables, food items, personal care items, general household needs and apparels.
- Launch offer of Sugar 1 Kg free with every purchase (*min purchase of Rs. 999)

Speaking on the occasion, Shashwat Goenka, Sector Head- Retail & FMCG of the RP-Sanjiv Goenka Group further added "Spencer's with the Value Market format aims to cater to the varying needs of Indian customers by offering a promise of value and quality which is imperative from the evolving retail market scenario in the country, which in turn will enhance Spencer's brand promise and connect with customers."

Shares of Spencer's Retail Limited was last trading in BSE at Rs. 75.40 as compared to the previous close of Rs. 64.25. The total number of shares traded during the day was 547450 in over 5504 trades.

The stock hit an intraday high of Rs. 77.10 and intraday low of 64.80. The net turnover during the day was Rs. 40476115.00.

Source : Equity Bulls

Keywords

SpencersRetail INE020801028 SpencersValueMarket HyperMarketChain