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Shoppers Stop to invest Rs 1.25 bn in expansion
06 May '10
1 min read
Speaking on the sidelines of India Shopping Forum in Mumbai, Mr Govind Shrikhande, CEO of K Raheja Group promoted Shopper's Stop, revealed that, they will invest Rs 1.25 billion in expanding the store count.
He said, “We plan to open between 10-12 new stores in this fiscal year in metros and tier II cities, which will entail an investment of Rs 1.25 billion. Currently Shoppers Stop operates 29 stores across India.
Shoppers Stop posted a turnover of Rs 1.57 billion in the fiscal year ended March 2010, which is up by 12 percent, when corresponded with the previous fiscal. It hopes to achieve a growth of 20 percent in the current fiscal.
He said, “We plan to open between 10-12 new stores in this fiscal year in metros and tier II cities, which will entail an investment of Rs 1.25 billion. Currently Shoppers Stop operates 29 stores across India.
Shoppers Stop posted a turnover of Rs 1.57 billion in the fiscal year ended March 2010, which is up by 12 percent, when corresponded with the previous fiscal. It hopes to achieve a growth of 20 percent in the current fiscal.
Fibre2fashion News Desk - India
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