🏢 About the Company
Incorporated in February 2017, Spencer's Retail Limited (SRL) is one of the leading multi-format omni-channel retailers in India, catering to the needs of the upmarket urban consumers for daily fresh food to world food and ingredients. SRL follows its philosophy of "Makes Fine Living Affordable' and thus caters to aspirational segments of the Indian population by providing them with a wide range of quality merchandise at competitive and fair prices. SRL tries to be a one-stop-shop for its customers. SRL has established a leading position in the retail industry in India by setting up India's first organized retail chain. SRL has a pan-India presence with a footprint of 191 stores as of March 31, 2020, located in 11 states and one union territory namely Maharashtra, Andhra Pradesh, Telangana, Karnataka, Kerala, Tamil Nadu, West Bengal, Jharkhand, Haryana, Uttar Pradesh, Uttarakhand, and Delhi respectively. The company has 14 distribution centers as of 31st March 2020. Company Strengths: 1. Early Mover advantage 2. Offering a variety of fresh foods and proprietary products at affordable prices. 3.Best in class instore customer services 4. Supply Chain Efficiency and efficient operations. 5. Asset light business model and competitive lease rentals 6. Experienced management team with a strong background in the retail industry. Company Strategies: 1.Profitable growth through the opening of new stores in targeted geographies. 2. Increase revenues from sales of non-food items and offering optimal product mix. 3.Growing omnipresence channel. 4. Increasing the base of loyal customers. 5. Expand product portfolio 6 To develop talent and skilled workforce and inculcate good business practices
