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$230 million) FY 11-12[2] |
Number of employees | 14,000+ |
| Parent | K Raheja Corp |
| Website | www.shoppersstop.com |
Shoppers Stop Ltd., established in 1991, stands as India's premier retailer of fashion and beauty brands, boasting an extensive presence across 107 department stores in 56 cities as of December 31, 2023. Complementing its department stores are 7 premium home concept outlets known as Home Stop, 88 Specialty Beauty stores featuring esteemed brands like M.A.C, Estée Lauder, and Clinique, among others, along with 23 Airport doors and 16 INTUNE Stores, collectively spanning an impressive 4.1 million square feet. Renowned for its commitment to customer satisfaction, Shoppers Stop offers the nation's beloved loyalty program 'First Citizen' and pioneering shopping assistance service 'Personal Shopper,' revolutionizing the retail landscape by prioritizing value, comfort, and convenience. With over 800 recognized brands and a diversified Omni channel presence, Shoppers Stop remains dedicated to delivering unparalleled customer delight.
In 2023 Shoppers Stop launched Global SSBeauty Brands a 100% subsidiary, for the distribution of beauty products. GSSB already has in its portfolio brands like NARS where GSSB, will help the company strengthen its prestige skin beauty brand portfolio and accelerate growth in the Asia Pacific region. As part of the collaboration with L’Oréal International Division, GSSB will be an exclusive distributor for niche fragrances like Atelier Cologne and premium brands like Ralph Lauren and Azzaro. GSSB will also distribute coveted couture brands like Prada, Valentine, Mugler and Victor & Rolf as part of its partnership with L’Oréal. With Clarins Group.
History
The first store was opened in Andheri, Mumbai on 27th Oct 1991.
Shoppers Stop has an extensive presence across 107 department stores in 56 cities as of December 31.
They have around 23 Airport doors and 16 INTUNE Stores, collectively spanning an impressive 4.1 million square feet.
An e-store with delivery across major cities in India was launched in 2008, with a smartphone app in 2016.
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. 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.[3][4]
Shoppers Stop is listed on the BSE and National Stock Exchange of India.[5] As of 2013, Shoppers Stop had 83 stores in India.[6]
Competition
References
- ^ "Board of Directors". corporate.shoppersstop.com. Retrieved 30 August 2022.
- ^ [1]BSE. Archived 29 October 2013 at the Wayback Machine
- ^ "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