Spencer’s Retail Limited, one of India’s largest food first multi-format retailer, has been awarded the Coca Cola Golden Spoon “Most Admired Food & Grocery Retailer for Convenience and Express formats” Award at the Food Forum of India, 2009 held in Mumbai. Spencer’s is the pioneer in organized food retailing in India. It started operations way back in the early 90’s in the South (HQ. Chennai) and over the last year and a half, it has ramped up operations to about 350 stores across 60 cities in India. Spencer’s currently straddles two different types of formats garnering footfalls of approx. 4.5 million per month.
Speaking on the occasion, Vineet Kapila, President, Spencer’s Retail Limited, said, “ Its an honor to be conferred the most admired retailer in food and grocery segment. Food and Grocery has been our primary focus since the very beginning and our understanding of the taste and flavors of various communities across the country has given us the competitive edge over other retailers in India. The award is also a testimony to our brand proposition “Taste-the-World” which ascertains our continued focus of being “foods-intensive”, yet alluding to the good taste of the discerning shopper. It is an invitation to a shopping experience which is truly world-class in terms of assortment, innovation, quality and store ambience”.
Vineet also added, “Awards mean a lot, but they don’t say it all. The people of this organization mean more to us than the statistics and the no of feathers we are adding to our cap. Even during depressed market sentiments, it is the unshakeable commitment of the people which got this recognition for us. I salute their resolve and am confident that they will continue their endeavor to deliver the best retail experience to our consumers.”
This is the third award that the organization has received, three years in a row. Spencer’s was awarded the Turnaround Retailer of the year 2006 at the India Retailers Forum, 2007 in Mumbai. And Most Evolved Retailer of the year 2007 at the India Retail Forum, 2008.
