Shoppers Stop
 | |
| Company type | Public |
|---|---|
| Industry | Retail |
| Founded | 1991 |
| Headquarters | Mumbai, India |
Area served | India |
Key people | B. S. Nagesh (Chairman) Kavindra Mishra (ED & CEO)[1] |
| Services | Department store |
| Revenue | ₹19.30 billion (US$240 million) FY 11-12[2] |
Number of employees | 14,000+ |
| Parent | K Raheja Corp |
| Website | www.shoppersstop.com |
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[edit]
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.[8]
Awards[edit]
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.[9][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]
Competition[edit]
References[edit]
- ^ "Board of Directors". corporate.shoppersstop.com. Retrieved 30 August 2022.
- ^ [1]BSE. Archived 29 October 2013 at the Wayback Machine
- ^ "Shoppers Stop plans Rs 1,000 cr turnover by 2004". Financial Express. 20 May 2001.
- ^ "Shoppers Stop Ltd". Business Standard India. Retrieved 4 April 2018 – via Business Standard.
- ^ "Shoppers Stop to exit Nuance Group Joint Venture". The Economic Times. 23 August 2017. Retrieved 4 April 2018.
- ^ 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.
- ^ "Chandru L. Raheja resigns as Chairman of Shoppers Stop Ltd". 8 June 2018.
- ^ "Govind Shrikhande steps down as Shoppers Stop managing director". Business Standard.
- ^ "World Retail Awards 2008 Winners". World Retail Congress. 10 April 2008.
- ^ "Govind Shrikhande To Step Down As Shoppers Stop Managing Director". Bloomberg Quint.
- ^ "Corporate Information - Shoppers Stop". Bombay Stock Exchange. scrip: 532638. Archived from the original on 1 February 2010. Retrieved 13 January 2009.
- ^ "Shoppers Stop to enter smaller cities". Times of India. 11 August 2010.[dead link]
External links[edit]