Spencer’s to firm up e-commerce plan by April
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Spencer’s Retail Ltd, a CESC subsidiary, will finalise its e-commerce plan by April. Shashwat Goenka, Sector Head of Spencer’s Retail, told reporters that the brick and mortar stores and the e-commerce prices, however, would be the same. “We would freeze the e-commerce business model within next couple of months. Then over a timeframe, we would implement it. We are likely to begin with a few categories of products for our online store,” he added.
Questions & Answers
Q.When does Spencer's Retail expect to finalise its e-commerce strategy?
When does Spencer's Retail expect to finalise its e-commerce strategy?
Spencer's Retail Ltd aims to finalise its e-commerce plan by April. The company expects to freeze its e-commerce business model within the next couple of months, according to Sector Head Shashwat Goenka.
Q.Will customers pay different prices online compared to in-store?
Will customers pay different prices online compared to in-store?
No, customers will not pay different prices. The article states that Spencer's will maintain the same pricing for products whether they are purchased through their brick and mortar stores or via their new e-commerce platform.
Q.What will be the initial approach for the online store's product range?
What will be the initial approach for the online store's product range?
The company intends to start its online store with a limited selection of products. Spencer's is likely to begin implementing its e-commerce platform by offering only a few categories of items initially.
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