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Monday, May 25, 2009

Westside plans expansion via franchise route in small cities

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Tata Group retail venture Westside today said it plans to expand its reach beyond big cities through franchise route.

"We believe that there is a huge business potential in Tier II and III markets. Consumers in these cities are well informed about the latest trends and are willing to spend... Through this business model we aim to reach out to them and give them a world class shopping experience at affordable prices," Trent Head-Marketing Neeti Chopra said in a statement.

Spencer’s Retail, the RPG Group retail flagship, has kicked off a restructuring exercise

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Spencer’s Retail, the RPG Group retail flagship, has kicked off a restructuring exercise. The company, which used to operate with five retail formats, plans to consolidate operations with two formats. The outlets spread between 3,000 sq ft and 15,000 sq ft will be named ‘Spencer’s’ while those upwards of 25,000 sq ft will operate as ‘Spencer’s Hyper’.

Till lately, Spencer’s used to run five different retail formats: Spencer’s Hyper (30,000-75,000 sq ft), Spencer’s Super (8,000-15,000 sq ft), Spencer’s Daily (4,000-7,000 sq ft), Spencer’s Express (1,000-1,500 sq ft) and Spencer’s Fresh (1,200-2,000 sq ft). It has been undertaken to create better synergy in operations, increase consumer recall and create a common visual identity.

Spencer's to firm up retail ops with two formats

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Spencer’s Retail, the RPG Group retail flagship, has kicked off a restructuring exercise.
The company, which used to operate with five retail formats, plans to consolidate operations with two formats. The outlets spread between 3,000 sq ft and 15,000 sq ft will be named ‘Spencer’s’ while those upwards of 25,000 sq ft will operate as ‘Spencer’s Hyper’.