Shoppers Stop’s arm opens ‘Crossword’ franchisee store at Cochin

12 Mar 2013 Evaluate

Shoppers Stop’s wholly owned subsidiary, Crossword Bookstores has opened a ‘Crossword’ franchisee store at Cochin in the state of Kerala. The company has recently opened a ‘Shoppers Stop’ store at World Trade Park in Jaipur.

Shoppers Stop is engaged in the retailing business. It runs a chain of departmental stores with brands including Shopper’s Stop, Home Stop, Crossword, Cafes and Restaurants etc.

The company has reported 11.40% fall in its net profit at Rs 17.09 crore for third quarter ended December 31, 2012 as compared to Rs 19.29 crore for the same quarter in the previous year.  However, total income of the company has increased by 20.35% at Rs 603.70 crore for quarter under review as compared to Rs 501.62 crore for the quarter ended December 31, 2011.

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