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goenka: RPSG Group confident of making consumer biz vertical profitable: V-C

These stores, set up over 8,000-12,000 square feet as compared to the usual 2,000-3,000 sq ft for Nature s Basket, will not only generate more revenues but add 1-2 percentage points to gross margins. The first Nature s Basket Artisan Pantry store opened last weekend in Mumbai s Palladium Mall. He also said a second store will open in Mumbai while Kolkata will get its first store by next month, and 3-5 stores next fiscal including in the National Capital Region and Bengaluru. ....

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Spencer's Retail launching luxury version of Natures Basket stores to garner higher margins

Spencer's Retail launching luxury version of Natures Basket stores to garner higher margins
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Natures Basket: Nature's Basket Rides On Luxury Segment, Hopes To Be In Black Next Fy, ET Retail

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. ....

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Artisan Pantry | Goenkas enter luxury food retail with launch of Artisan Pantry under Nature's Basket chain

Nature’s Basket, a subsidiary of Spencer’s Retail, plans to set up three such concept stores by March and add another 3-5 outlets next year ....

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Spencer's Retail: RP-Sanjiv Goenka Group aims to turn profitable in consumer business within 2-3 years

RP-Sanjiv Goenka Group Vice Chairman, Shashwat Goenka, expressed confidence in achieving profitability for the group s consumer business, encompassing retail giants like Spencer s Retail and Nature s Basket, along with the FMCG sector. This financial turnaround, targeted within the next two to three years, involves a strategic approach, including debt reduction through restructuring, loan repayment, store closures in unprofitable segments, and the introduction of high-margin luxury gourmet stores. ....

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