Retailer 10 : Shopper Stop - Consolidating retail formats

Shopper Stop was founded by K Raheja Corp group of companies. Over time this lifestyle retail format proved to be another milestone for the group, which has already earned its reputation from being India’s biggest hospitality and real estate player. The business size of Shoppers Stop is Rs 1300 crore with 28 department stores, and covering an area of 1.8 million sq ft across all formats.The Shoppers Stop also owns the hypermarket format “Hypercity”.

Growth and Expansion

The company is growing at 7 per cent and is planning to add another 18 stores, i.e, approximately 1 million sq ft, in the next three years. The plan is also there to raise the store count of Hypercity from 5 to 10.          

Quick Facts

The Company Founded : 1991

Business Size : Rs 1300 crore

Growth Rate : 7 per cent

 

“Retail is heading for a steady and cautious growth in 2010. We would continue to lead the department store space with profitable growth in the premium and BTL category. We also expect consolidation in retail formats and players.”

Govind Shrikhande, President & CEO, Shoppers Stop

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