Shoppers Stop’s investment plans

Thursday, 26 August 2010

Shoppers Stop will add over 40 new medium and large format stores across India in the next four years that could entail an investment of over Rs 500 crores. This fiscal, the company will invest about Rs 180 crores for opening 12 Shoppers Stop stores and four HyperCity hypermarkets. The retailer, which clocked a turnover of Rs 1,578 crores last fiscal, expects sales to touch Rs 1,800 crores this financial year.

In the next four years, it hopes to have a total 60 Shoppers Stop outlets including new cities. Each new store is expected to require an investment of Rs 10 crores. At present, the company has 32 Shoppers Stop outlets. In terms of retail space, the current 1.9 million sq. ft. retail space for Shoppers Stop will go up to 3.5 million sq. ft. in the next four years. The firm also plans to increase its HyperCity stores from seven at present by adding 3 to 4 stores every year. An investment of around Rs 15 crores will go in each HyperCity.

Currently, Shoppers Stop has operations in 13 cities across India. In the next four years, it will be present in 25 cities. The retail sector has started seeing growth in same-store-sales after facing a dip in the last two years. With a combination of new store sales, the company hopes to grow at 20 to 25 per cent this year with an expected turnover of Rs 1,800 crores for this fiscal. Besides, Shoppers Stop and HyperCity, the company also operates other formats including shop-in-shop stores like HomeStop (home furnishing), Crossword (bookstores), M.A.C (cosmetics), Airport Retailing and Mothercare.

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