Leading omni-channel retailer Shoppers Stop registered a steady 4% growth in total sales for the third quarter of FY24, despite demand headwinds impacting India’s retail sector. The growth was driven by non-apparel categories like beauty and watches/fragrances, which offset continued weakness in apparel sales. Shoppers Stop’s beauty business achieved record quarterly sales of INR 262 […]
Department store chain Shoppers Stop, the pioneer of organized retail in India and one of the country’s largest retailers of fashion and beauty products, will connect its individual stores to its Amazon shopfront by next month as part of its omni-channel strategy. It also said it would focus on Tier 2 and Tier 3 towns […]
Fashion retailer Shoppers Stop said it has shut down 2 of its 91 shops due to lower-than-expected sales and poor profitability. The shops that have been shut down are located at Orion East Mall, Bangalore, and The Grant Mall, Chennai. It said it took the decision “due to lower than expected business” at the two […]
Future Retail will pay most of the cost of its proposed Hypercity acquisition by issuing new shares, and only about a fourth will be paid in cash. The deal will put even more distance between Future, which operates chains such as Big Bazaar and Central, and other players in India’s organized retail market. Hypercity is […]
Retailer Shoppers Stop Ltd. said it has opened one ´M.A.C´ branded outlet at at Inorbit Mall in Malad, Mumbai. With the opening of this store the company now has 41 M.A.C stores under its operations. Shoppers Stop is an Indian retailing company promoted by the K Raheja Corp Group, started in the year 1991 with […]
Viviana Mall, one of the leading retail malls in Mumbai Metropolitan Region, said the bookstore Crosswors has opened its 1800 sq ft store in the mall. Crossword currently has 94 stores (50 own stores and 44 Franchised stores) spread in different cities across India. It is a wholly owned subsidiary of Shopper’s Stop Ltd. Apart from […]
Shoppers Stop Ltd said it is closing down its two stores at Inorbit mall at Pune and Nirmal Lifestyle at Mulund due to the decrease in business and low profitability. “The sales during last financial year from the store at Inorbit mall was Rs 2,491.20 lacs, which was 0.66% of the company’s turnover and the […]
Indian retailing company Shoppers Stop Ltd. said it has opened one ´M.A.C´ door at New Delhi International Airport and one shop-in-shop ´Mothercare´ store at Orion Mall, Brigade Gateway Bengaluru. “By opening these stores the company has now 40 M.A.C doors and 41 Mothercare stores under its operations,” said the company. The company said its 51% […]
Shoppers Stop, one of India’s oldest organized retailer, has tied up with Snapdeal, One of India’s largest online marketplaces, to sell its merchandise through a flagship Shoppers Stop store on the online portal. “This partnership will leverage Shoppers Stop’s unparalleled brand assortment and Snapdeal’s pan India reach to create a superlative and holistic omni-channel retail […]
Retailer Shoppers Stop said it would invest Rs 60 crores over the next 3 years to build up an ‘omnichannel’ delivery platform that would encompass physical stores, web, social, TV and marketplaces. It has chosen SAP as its technology solutions partner. The move would involve its group companies HomeStop, Hypercity and Crossword as well. By […]
Online retailer Flipkart announced a strategic partnership with three of the country’s largest home retail brands—Home Town (Future group), HomeStop (Shoppers Stop) and @Home to sell home decor items. “The partnerships will introduce a whole new range of products from these retail brands—adding to Flipkart’s existing portfolio of 1000+ brands with seven lakhs home products,” […]
