Shoppers Stop

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Shoppers Stop Limited
Public
Traded as (BSE532638)
Industry Retail
Founded 1991
Headquarters Mumbai, India
Area served
India
Key people
B. S. Nagesh (Chairman)
Rajiv Suri (MD & CEO)[1]
Revenue 19.30 billion (US$270 million)
FY 11-12[2]
Number of employees
14,000+
Website www.shoppersstop.com
Former logo of Shoppers Stop

Shoppers Stop is an Indian department store chain, owned by the K Raheja Corp Group. There are 83 stores across 38 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 in 1991.[3]

The Company opened its 22nd store at Noida in May 2007.[4] In 2007, it entered into partnership with Nuance Group AG, and opened stores in Mumbai 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[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.[8][9] Chandru Raheja was succeeded by BS Nagesh.[10][11][better source needed]

Shoppers Stop is listed on the BSE and National Stock Exchange of India.[12] As of 2013, Shoppers Stop had 83 stores in India.[13]

See also[edit]

References[edit]

  1. ^ "Chief Executive Officer". corporate.shoppersstop.com. Retrieved 19 March 2018. 
  2. ^ [1] BSE.
  3. ^ "Shoppers Stop plans Rs 1,000 cr turnover by 2004". Financial Express. 20 May 2001. 
  4. ^ "Shoppers Stop Ltd". Retrieved 4 April 2018 – via Business Standard. 
  5. ^ "Shoppers Stop to exit Nuance Group Joint Venture". 23 August 2017. Retrieved 4 April 2018 – via The Economic Times. 
  6. ^ www.ETtech.com. "Shoppers Stop to spend Rs 60 Cr on omnichannel strategy in next three years | ETtech". ETtech.com. Retrieved 2016-05-02. 
  7. ^ "Chandru L. Raheja resigns as Chairman of Shoppers Stop Ltd". 
  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. ^ "B.S. Nagesh". Wikipedia. 
  12. ^ "Corporate Information - Shoppers Stop". Bombay Stock Exchange. scrip: 532638. 
  13. ^ "Shoppers Stop to enter smaller cities". Times of India. 11 August 2010. 

External links[edit]