Avenue Supermart took great strides when it was ruling the retail market. Now that it is facing tough competition, it may not do so well. Perhaps R K Damani may take over Spencer’s. As of December 2022, Avenue Supermart has 306 stores across 14 states in India. If it adds the Spencer’s, as per the information I could access, 128 stores will be added to it.
On the other hand, Reliance Retail has 15,196 stores across 7,000+ cities with a retail area of over 41.6 million sft.
Avenue Supermart is definitely facing tough competition.
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