IndiaRetailBiz

Shoppers Stop, leading lifestyle retailers of the country, is going to invest Rs 250 crore to expand its department store format, lifestyle, retail chain operating under the same brand name.
Founded in 19991 by K Raheja group, Shopper’s Stop, currently operates around 27 stores and occupies a total retail space of 1.88 million sq ft. It [...]

Consumers are returning to retail stores with a vengeance. Diwali, which this year was celebrated about a fortnight or so earlier than usual, brought cheer back to faces of harried retailers.
Compared to the boom year of 2007, which had seen a large number of serious and non-serious players entering the sector, the year 2008 turned [...]

Crossword, the country’s leading leisure and entertainment products chain, which sells books, music, gifts, toys, and games, among others, has added two more stores.
With the opening of the two new stores– one each at Bangalore (franchisee) and Shopper’s Stop, Hyderabad (shop-in-shop), the tally of “Crossword” stores across the country has gone up from 53 to [...]

Shoppers’ Stop, a leading multi-format, multi-products lifestyle retailer with several retail chains under its belt, according to vice chairman B.S. Nagesh, has put off its plans to raise funds through a Rights Issue as it does not require cash for the moment.
“As of now the Rights Issue we had planned is not happening. Whenever we [...]

After closing a few under-performing stores of the lifestyle books and leisure chain, ‘Crossword’ has announced the opening of two new stores. The new stores are located at Powai in Mumbai and Hypercity, Hi-Tech City, Madhapur, Hyderabad. Crossword, the specialty retailer, is part of Shoppers Stop Limited– country’s leading multi-format, multi- products retailer.
With the opening [...]

Despite negative footfalls since November-December last year with no signs of increase in consumer spending, Shoppers Stop may be required to begin hiring people for new stores being opened for several of its retail chains in the coming few months.
Although, Shoppers Stop, among the country’s largest department format, lifestyle retailer, is not expecting any significant [...]

Shoppers Stop, India’s pioneering and leading listed retailer, has taken several measures, including restructuring of top organisation and cut in salaries of top honchos, to conserve cost and improve profitability.
The retailer has already reported nominal profit of Rs 7.63 crore (before interest and tax) during the first quared of this financial year compared to loss [...]

B S Nagesh, the public face of India’s leading department format retail chain and managing director of Shoppers Stop, who has been working with the company since its inception in 1991, is taking over as Vice Chairman of the company, from today.
Founded 19 years ago on the 27th October, 1991 with the unveiling of its [...]

Hypercity Retail India, which operates a chain of hypermarket format retail stores under ‘HyperCITY’ brand name across India, opened its fourth store in Hyderabad, the capital city of Andhra Pradesh. Apart from Hyderabad, HyperCITY also operates three more outlets at Mumbai (2) and and Jaipur.
The new HyperCITY outlet spread over 100,000 sq ft of trading [...]

Mothercare, the iconic UK-based, retailer, which operates 21 retail stores (8 standalone and 13 shop-in-shop format outlets) for kids and expecting mothers in India, according to an ET report, may be looking for severing its ties with Shoppers’ Stop.
The Rahejas-led Shoppers’ Stop is among the country’s pioneering and leading listed retailers. It operates a [...]