Retailigence

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Spencer’s to bring in US, UK brands

Posted by retailigence on November 23, 2008

RPG Enterprises’ retail arm, Spencer’s Retail is in conversations with several private brands in Europe and America to trade their products in its 400 stores across India, said a company source.

According to the source, Spencer’s is looking forward to grow its revenue from private labels, which has been growing at 50 per cent annually after the tie-up with Woolworths’ Chad Valley toy brand and apparel major BHPC International.

Spencer’s will dedicate about 12,000 square feet floor space to the private brand and target a turnover of Rs 10 million per month. It also plans to set up three stand-alone stores, the first of which is likely to come up in New Delhi early next year, added the source.

Sources:- IndiaRetailing Bureau

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