Stop to Shop
Shoppers Stop, promoted by K Raheja Corp, is one of the pioneers in setting up large format department stores chain in India.
BY Franchise India Media | comments ( 0 ) |



Shoppers Stop, promoted by K Raheja Corp, is one of the pioneers in setting up large format department stores chain in India. Shopper’s Stop Ltd has a national presence, with over 2.05 million square feet area across 15 cities, viz, Mumbai (8 stores), Delhi (4 stores), Kolkata (3 stores), Bangalore (4 stores), Hyderabad (3 stores), Jaipur (2 stores), Pune (2 stores), Gurgaon, Chennai, Ghaziabad, Lucknow, Noida, Amritsar, Bhopal and Aurangabad. The company got listed in 2005.
Marketing initiatives
The new brand philosophy is ‘Start Something New’ and is the central theme of all the advertising, promotions and events this year. Shoppers Stop is bringing alive the effervescence of mega starrer films such as Om Shanti Om, Love Aaj Kal, Chance Pe Dance, Karthik Calling Karthik and Break Ke Baad line of collections. Shoppers Stop had an exclusive retail arrangement with Vodafone-Essar for merchandising of their brand mascot - Zoozoo. Given the increasing size of the youth audience at Shoppers Stop, this merchandising line fits well in the brand’s merchandise offerings.
Technology implementations
In April 2009. Shoppers Stop outsourced its ERP operations to an Indian partner, UST Global. The brand invested in IT infrastructure upgrade at the data center to sustain the transactional systems as well as the Customer Relationship Management & Loyalty applications. To address the growing data storage requirements, Shoppers Stop inducted world leading storage solutions from EMC Corporation. To enhance operation insight, the brand works with SAS Analytics, a leader in advanced analytics.
Training programme
For the year under review, Shoppers Stop has provided the Baby Kangaroo programme (BK) to identify potential associates; the Managerial & Supervisory Training programme (M.A.S.T) is conducted for 37 days with an exhaustive content through various internal and external trainers.
Quick Facts
Year of first store launch: 1991
Total number of outlets at present: 36 (Malls: 24; 10: High-street; Airport: 2)
Total number of outlets as revealed in Retailer Anniversary Issue 2010: 29
Number of outlets expected by 2012: Addition of 8-10 stores every year
External funding: In Q2FY11 raised Rs222 crore via QIP and conversion of promoters warrants
Stock performance in 2010: 94.12% increase in 2010
Target consumers: SEC A and A+
Employee strength: About 3800
Annual turnover: Rs 1,408.06 crore (FY 09-10)
Annual turnover revealed in Anniversary Issue of Retailer 2010: Rs 1400.1 crore as on March 31 2009
Percentage of growth in turnover during expansion phase: CAGR of 26% (As of year ending March 2010)
Multi-channel retail format: E-commerce (www.shoppersstop.com)
Region with strongest presence: West & North India
Total investment layout planned towards expansion: On an average, a 45,000 sq ft store takes an investment of Rs 8 to 10 crore
We will take the store count from present 34 to 60 stores in the span of 4 years’ time by deepening our presence in the existing cities and also by expanding our footprint to new cities, mainly tier II.
Govind Shrikhande, Customer Care Associate & Managing Director, Shoppers Stop
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