Shoppers Stop to open 24 stores by 2014

15 Jun 2011 Evaluate

Buoyed by rapid growth in the retail industry Shoppers Stop plans to open 24 stores by FY14. To start with, the firm would be opening 8-9 Shoppers Stop stores in the current fiscal. Presently, the company has 38 stores across the country, with a total retail space of about 2.3-million square feet.

The retail industry is growing by around 30-35% every year. By FY 14, the company will have 62 stores operational with a total retail space of 3.6-million square feet. Apart from expanding in metros, it will also enter tier-II cities. Apart from the Shoppers Stop departmental stores, the company has five specialty retail formats like Home Stop (home furnishing), Mothercare (baby care), Crosswords (books & music), Estee Lauder (cosmetics) and Mac (cosmetics).

Shoppers Stop Share Price

640.85 -3.95 (-0.61%)
23-Dec-2024 09:23 View Price Chart
Peers
Company Name CMP
Avenue Supermarts 3441.40
Aditya Birla Fashion 283.80
Trent 6904.70
Vishal Mega Mart 98.77
Electronics Mart Ind 170.50
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