Spencer’s Retail

Spencer’s Retail is in the process of shutting down its stores in Delhi-NCR as it seeks to withdraw entirely from the loss-making market in the capital region, sources close to the situation have revealed."Running stores in...

Le͏adin͏g retail chains such as Reliance Retail, Shoppers Stop, and Spencer’s Retail are ͏dealing with an extended pe͏riod of weak c͏onsum͏er s͏pending.͏ In respons͏e,͏ they͏ a͏re pulling out ͏of unprofitable ma͏rke͏ts, increasing debt, and focus͏ing on...