After experimenting with multi-format retailing, RPG Group’s Spencer’s Retail has realised that larger stores tend to be more cost efficient. For Spencer’s, big is the new beautiful as over the past year alone, the company has closed about a hundred of its small-size stores, or the supermarkets, and says it will now focus completely on big format stores, the hypermarkets, which are anywhere between 15,000 to 40,000 square feet. The new format stores of Spence’s would bring a new business opportunity for the companies dealing with in-shop retail displays/signs.
