Shoppers Stop

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.

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$240 million)
FY 11-12[2]
Number of employees
14,000+
ParentK Raheja Corp
Websitewww.shoppersstop.com
Former logo of Shoppers Stop used prior to 2008

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.[8]

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.[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]

Brands

References
  1. "Board of Directors". corporate.shoppersstop.com. Retrieved 30 August 2022.
  2. BSE. Archived 29 October 2013 at the Wayback Machine
  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. "Govind Shrikhande steps down as Shoppers Stop managing director". Business Standard.
  9. "World Retail Awards 2008 Winners". World Retail Congress. 10 April 2008.
  10. "Govind Shrikhande To Step Down As Shoppers Stop Managing Director". Bloomberg Quint.
  11. "Corporate Information - Shoppers Stop". Bombay Stock Exchange. scrip: 532638. Archived from the original on 1 February 2010. Retrieved 13 January 2009.
  12. "Shoppers Stop to enter smaller cities". Times of India. 11 August 2010.

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