Home / Knowledge / News / Apparel/Garments / Spencer's shifts gear to earn more revenue
Spencer's shifts gear to earn more revenue
09
Jul '10
Spencer's, a popular food and grocery retail chain brand, now wants garments to account for a third of its earnings, as against just 10 percent now.

This RPG group's retail chain, which has a franchisee deal with Beverly Hills Polo Club (BHPC), launched BHPC store in Mumbai, last week. Spencer's intends to launch 18 more stores in the current fiscal, and take the total number of retail or chain stores to 29.

Also part of its expansion plans, is to introduce four flagship stores of Ecko and two of Ladybird in New Delhi. More over, Spencer's is also intending to flare up its share of private brands in its net revenues from the current 17 percent to 30 percent, within the coming 18 months.

From the current, 0.9 million square feet, Spencer's is intending to add more 1 million square feet of retail area by 2013. After shutting down almost 50 percent of its stores (or 20 percent in square feet), it is now eyeing the hyper markets.

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Textiles | On 20th Jan 2017

Xeros to focus on textile sector to develop technology

Xeros technology group plc, the developer and provider of patented...

Apparel/Garments | On 20th Jan 2017

Nine West acquiring womenswear marketer Kasper Group

US based footwear, accessories and denim company Nine West Holdings...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search