Spencer’s Retail Ltd, a CESC subsidiary, was evaluating about tying up with hyper-local startups for digital footprint for the retail major.
“We are keeping a close watch of the new development of hyper-local delivery startups as they are gaining popularity. We are evaluating at this moment about our strategy on our foray into e-commerce model,” said Spencers retail sector head Shashwat Goenka.
He indicated that the company was still evaluating whether Spencer’s to go on its own, tying up with the hyper local stratups to overcome the logistics challenges or a mix of both.
Spencer’s has not able to post profit on continuous basis and e-commerce could help the retail major in attaining higher sales.
The retail arm’s sales per sq ft stood at Rs 1,470 during April-June, compared to Rs 1,350 in the corresponding quarter a year ago, Goenka said.
