Multi-format food retailer Spencer’s Retail, part of the Rs 135 billion RPG Group, has emerged victorious at the Coca-Cola Golden Spoon Award in the most admired food and grocery retailer for convenience and express formats category . The awards were held under the umbrella of second edition of Food Forum India in Mumbai. The other nominees in the category were In & Out, More, Reliance Fresh, KB’s Fair Price and Le Millennia Supermart.
On receiving the award, Vineet Kapila, president, Spencer’s Retail, said, “Food and grocery has been our primary focus since the very beginning and our understanding of the taste and flavours of various communities across the country has given us the competitive edge over other retailers in India.”
The company started its operations way back in the early 90’s in the south and over the last one year-and-a-half, it has ramped up operations to about 350 stores across 60 cities in India and targets 400 more in the next two years.
Spencer’s currently straddles two different formats — Spencer’s Super and Spencer’s Hyper. It focuses on verticals like food and grocery, fruit and vegetables, electrical and electronics, home and office essentials, garments and fashion accessories, toys, food and personal care, music, books and mobility solutions.
— IndiaRetailing Bureau