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    Spencer’s opens third hypermart in Kolkata

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    After launching its first Kolkata hypermart amidst agitations, the Rs 135 billion ’s retail arm Ltd has opened its third hypermarket in Kolkata. This is also the company’s 24th store in the city, and 27th in West Bengal.

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    ‘Kolkata is a case study of success for us. We set up our first store here in April last year and since then the growth has been unprecedented. We are already spread over 200,000 square feet in West Bengal; our stores garner a footfall of about 5.5 million per annum,” , vice chairman of , said.

    The new store is spread over 60,000 square feet and retails brands across categories including food and grocery, electronics, apparel and accessories, toys, personal care, music and mobility solutions. By the end of March 2009, the company plans to increase the total number of stores by another 300, which will include 75 in large formats.

    Goenka further added: “Large format is currently driving modern retail in India. It promises to be a superior shopping experience for the current day discerning shopper who values time and money and also looks out for choice before making a purchase decision.”