Shoppers Stop

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Shoppers Stop Limited
TypePublic
IndustryRetail
Founded1991
HeadquartersMumbai, India
Area served
India
Key people
B. S. Nagesh (Chairman)
Venu Nair (MD & CEO)[1]
ServicesDepartment store
Revenue₹19.30 billion (US$260 million)
FY 11-12[2]
Number of employees
14,000+
ParentK Raheja Group
Websitewww.shoppersstop.com
Former logo of Shoppers Stop used prior to 2008

Shoppers Stop is an Indian department store chain, owned by the K Raheja Corp. There are 86 stores across 40 cities in India, with clothing, accessories, handbags, shoes, jewellery, fragrances, cosmetics, health and beauty products, home furnishing, and decor products.

History[]

The first store was opened in Andheri, Mumbai on 27th Oct 1991.[3]

The company opened its 22nd store at Lucknow in 2006.[4] In 2007, it entered into partnership with Nuance Group AG, and opened stores in Mumbai T1 and Bengaluru Airports.[5]

An e-store with delivery across major cities in India was launched in 2008, with a smartphone app in 2016.[6]

In June 2018, the retail chain underwent a board rejig in which promoter Chandru L Raheja resigned as the non-executive chairman after having served for over two decades.[7]

Chandru Raheja was succeeded by BS Nagesh.

Awards[]

Shoppers Stop Ltd has been awarded "the Hall of Fame" and won "the Emerging Market Retailer of the Year Award", by the World Retail Congress at Barcelona, in April 2008.[8][9] Chandru Raheja was succeeded by BS Nagesh.[10]

Shoppers Stop is listed on the BSE and National Stock Exchange of India.[11] As of 2013, Shoppers Stop had 83 stores in India.[12]

Brands Under Shoppersstop[]

References[]

  1. ^ corporate.shoppersstop.com https://corporate.shoppersstop.com/corporate/board-of-directors-new.aspx. Retrieved 17 April 2021. Missing or empty |title= (help)
  2. ^ [1] BSE.[dead link]
  3. ^ "Shoppers Stop plans Rs 1,000 cr turnover by 2004". Financial Express. 20 May 2001.
  4. ^ "Shoppers Stop Ltd". Business Standard India. Retrieved 4 April 2018 – via Business Standard.
  5. ^ "Shoppers Stop to exit Nuance Group Joint Venture". The Economic Times. 23 August 2017. Retrieved 4 April 2018.
  6. ^ www.ETtech.com. "Shoppers Stop to spend Rs 60 Cr on omnichannel strategy in next three years | ETtech". The Economic Times. Retrieved 2 May 2016.
  7. ^ "Chandru L. Raheja resigns as Chairman of Shoppers Stop Ltd". 8 June 2018.
  8. ^ "World Retail Awards 2008 Winners". World Retail Congress. 10 April 2008.
  9. ^ "Govind Shrikhande To Step Down As Shoppers Stop Managing Director". Bloomberg Quint.
  10. ^ "Govind Shrikhande steps down as Shoppers Stop managing director". Business Standard.
  11. ^ "Corporate Information - Shoppers Stop". Bombay Stock Exchange. scrip: 532638.[dead link]
  12. ^ "Shoppers Stop to enter smaller cities". Times of India. 11 August 2010.[dead link]

External links[]

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