India’s Shopper’s Stop to add 20 stores across its brands this year

Mumbai-based Shopper’s Stop Ltd, a premier department store chain promoted by the K Raheja Corp Group, is planning to invest INR125 crore (INR1.25 billion, USD22.9 million) this year, to expand its various brands of retail stores. The company is planning to add around 20 stores across its brands during the period, said a senior executive from the company.

The company is planning to expand its department stores with around 8-10 more outlets, the large format hyper market HyperCity with 2-3 stores and its premier home solution chain HomeShop with another 2-3 shops and five speciality stores across its other brands.

The compay would focus on first tier cities, though it is expanding into the cities like Surat, Agra and Thane, where it expects more customer attraction. It opened the 56th Shoppers Stop and 14th HomeStop, in Chandigarh on Saturday.