Natures Basket: The retail chain is entering the ultra-premium or luxury segment with a bigger format experiential concept store- Nature’s Basket Artisan Pantry. Spencer’s Retail chairman Shashwat Goenka said that the first store in this format will be open today in Palladium Mall in Lower Parel in Mumbai. It would be a 12,000 square feet store compared to the average 2,500 square feet stores of the retail chain.