Shoppers Stop: Difference between revisions
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| key_people = [[B. S. Nagesh]] (Chairman)<br> Kavindra Mishra (ED & CEO)<ref>{{cite web|url=https://corporate.shoppersstop.com/boardofdirectors/|website=corporate.shoppersstop.com|accessdate=30 August 2022|title=Board of Directors}}</ref> |
| key_people = [[B. S. Nagesh]] (Chairman)<br> Kavindra Mishra (ED & CEO)<ref>{{cite web|url=https://corporate.shoppersstop.com/boardofdirectors/|website=corporate.shoppersstop.com|accessdate=30 August 2022|title=Board of Directors}}</ref> |
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| industry = [[Retail]] |
| industry = [[Retail]] |
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| revenue = {{up}} {{INRConvert|5228|c}} (FY24)<ref name="fy24"/> |
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| services = Department store |
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| operating_income = {{down}} {{INRConvert|226|c}} (FY24)<ref name="fy24"/> |
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| num_employees = 14,000+ |
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| net_income = {{down}} {{INRConvert|56|c}} (FY24)<ref name="fy24">{{cite web |title=Performance Highlights - Q4 FY24 |url=https://www.bseindia.com/xml-data/corpfiling/AttachHis/3ebf32fb-d298-4699-8c40-093e62628144.pdf |website=BSE |publisher=Shoppers Stop Limited |access-date=28 June 2024}}</ref> |
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| revenue = {{INRConvert|19.30|b}}<br />FY 11-12<ref>[http://www.bseindia.com/stock-share-price/shoppers-stop-ltd/shoppers-stop/532638/]BSE. {{Webarchive|url=https://web.archive.org/web/20131029115647/http://www.bseindia.com/stock-share-price/shoppers-stop-ltd/shoppers-stop/532638/ |date=29 October 2013 }}</ref> |
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| parent = [[K Raheja Corp]] |
| parent = [[K Raheja Corp]] |
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| homepage = [https://www.shoppersstop.com/ www.shoppersstop.com] |
| homepage = [https://www.shoppersstop.com/ www.shoppersstop.com] |
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[[File:Shoppersstoplogo.png|frame|Former logo of Shoppers Stop used prior to 2008]] |
[[File:Shoppersstoplogo.png|frame|Former logo of Shoppers Stop used prior to 2008]] |
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| ⚫ | '''Shoppers Stop''' is an Indian [[department store]] chain, owned by the [[K Raheja Corp]]. There are 108 stores across 45 cities in India, with clothing, accessories, handbags, shoes, jewellery, fragrances, cosmetics, health and beauty products, home furnishing, and decor products. Shoppers Stop is listed on the [[Bombay Stock Exchange|BSE]] and [[National Stock Exchange of India|NSE]].<ref name="autogenerated3">{{cite web |url=http://www.bseindia.com/mktlive/ScripWiseCorpAction.asp?scripcd=532638 |title=Corporate Information - Shoppers Stop |id=scrip: 532638 |publisher=Bombay Stock Exchange |access-date=13 January 2009 |archive-date=1 February 2010 |archive-url=https://web.archive.org/web/20100201030211/http://www.bseindia.com/mktlive/ScripWiseCorpAction.asp?scripcd=532638 |url-status=dead }}</ref><ref name="autogenerated1">{{cite web |url=http://timesofindia.indiatimes.com/business/india-business/Shoppers-Stop-to-enter-smaller-cities/articleshow/6291943.cms |title=Shoppers Stop to enter smaller cities |date=11 August 2010 |publisher=[[Times of India]]}}{{dead link|date=October 2019}}</ref> |
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'''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. |
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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. |
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==History== |
==History== |
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The first store was opened in Andheri, Mumbai on 27th Oct 1991. |
The first store was opened in [[Andheri]], [[Mumbai]] on 27th Oct 1991.<ref name="autogenerated">{{cite web |url=http://www.financialexpress.com/old/fe20010520/news2.html |title=Shoppers Stop plans Rs 1,000 cr turnover by 2004 |date=20 May 2001 |publisher=Financial Express}}</ref> |
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The company opened its 22nd store at Lucknow in 2006.<ref>{{cite news|url=http://www.business-standard.com/company/shoppers-st-19961/information/company-history|title=Shoppers Stop Ltd.|newspaper=Business Standard India|accessdate=4 April 2018|via=Business Standard}}</ref> In 2007, it entered into partnership with Nuance Group AG, and opened stores in Mumbai T1 and Bengaluru Airports.<ref>{{cite news|url=https://economictimes.indiatimes.com/industry/services/retail/shoppers-stop-to-exit-nuance-group-joint-venture/articleshow/60196374.cms|title=Shoppers Stop to exit Nuance Group Joint Venture|date=23 August 2017|accessdate=4 April 2018|newspaper=The Economic Times}}</ref> |
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Shoppers Stop has an extensive presence across 107 department stores in 56 cities as of December 31. |
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An e-store with delivery across major cities in India was launched in 2008, with a smartphone app in 2016.<ref>{{Cite news|url=http://tech.economictimes.indiatimes.com/news/internet/shopper-stop-60-crore-omni-channel-investment/47934989|title=Shoppers Stop to spend Rs 60 Cr on omnichannel strategy in next three years {{!}} ETtech|last=www.ETtech.com|newspaper=The Economic Times|access-date=2016-05-02}}</ref> |
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They have around 23 Airport doors and 16 INTUNE Stores, collectively spanning an impressive 4.1 million square feet. |
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| ⚫ | 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.<ref>{{Cite web|url= http://equitybulls.com/admin/news2006/news_det.asp?id=230826| title= Chandru L. Raheja resigns as Chairman of Shoppers Stop Ltd.| date= 8 June 2018}}</ref> |
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An e-store with delivery across major cities in India was launched in 2008, with a smartphone app in 2016. |
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Chandru Raheja was succeeded by BS Nagesh.<ref>{{Cite news|url=https://www.business-standard.com/article/companies/govind-shrikhande-steps-down-as-shoppers-stop-managing-director-118060900048_1.html|title=Govind Shrikhande steps down as Shoppers Stop managing director|work=Business Standard}}</ref> |
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| ⚫ | |||
==Awards== |
==Awards== |
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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.<ref name="autogenerated2">{{cite web |url=http://www.worldretailcongress.com/page.cfm/link=117 |title=World Retail Awards 2008 Winners | date=10 April 2008 |publisher=World Retail Congress}}</ref><ref>{{Cite news|url=https://www.bloombergquint.com/business/2018/06/08/govind-shrikhande-to-step-down-as-shoppers-stop-managing-director|title=Govind Shrikhande To Step Down As Shoppers Stop Managing Director|work=Bloomberg Quint}}</ref> |
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.<ref name="autogenerated2">{{cite web |url=http://www.worldretailcongress.com/page.cfm/link=117 |title=World Retail Awards 2008 Winners | date=10 April 2008 |publisher=World Retail Congress}}</ref><ref>{{Cite news|url=https://www.bloombergquint.com/business/2018/06/08/govind-shrikhande-to-step-down-as-shoppers-stop-managing-director|title=Govind Shrikhande To Step Down As Shoppers Stop Managing Director|work=Bloomberg Quint}}</ref> |
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== See also == |
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| ⚫ | Shoppers Stop is listed on the [[Bombay Stock Exchange|BSE]] and [[National Stock Exchange of India]].<ref name="autogenerated3">{{cite web |url=http://www.bseindia.com/mktlive/ScripWiseCorpAction.asp?scripcd=532638 |title=Corporate Information - Shoppers Stop |id=scrip: 532638 |publisher=Bombay Stock Exchange |access-date=13 January 2009 |archive-date=1 February 2010 |archive-url=https://web.archive.org/web/20100201030211/http://www.bseindia.com/mktlive/ScripWiseCorpAction.asp?scripcd=532638 |url-status=dead }}</ref> |
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== Competition== |
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* [[Central (Department Store)|Reliance Centro]] |
* [[Central (Department Store)|Reliance Centro]] |
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* [[Aditya Birla Fashion and Retail|Pantaloons]] |
* [[Aditya Birla Fashion and Retail|Pantaloons]] |
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* [[HomeStop]] |
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* [[Crossword Bookstores]] |
* [[Crossword Bookstores]] |
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* [[Estée Lauder Companies|Estèe Lauder]] |
* [[Estée Lauder Companies|Estèe Lauder]] |
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Latest revision as of 07:20, 28 June 2024
 | |
| Company type | Public |
|---|---|
| Industry | Retail |
| Founded | 1991 |
| Headquarters | Mumbai, India |
Area served | India |
Key people | B. S. Nagesh (Chairman) Kavindra Mishra (ED & CEO)[1] |
| Revenue |  ₹5,228 crore (US$630 million) (FY24)[2] |
 ₹226 crore (US$27 million) (FY24)[2] | |
| ₹56 crore (US$6.7 million) (FY24)[2] | |
| Parent | K Raheja Corp |
| Website | www.shoppersstop.com |
Shoppers Stop is an Indian department store chain, owned by the K Raheja Corp. There are 108 stores across 45 cities in India, with clothing, accessories, handbags, shoes, jewellery, fragrances, cosmetics, health and beauty products, home furnishing, and decor products. Shoppers Stop is listed on the BSE and NSE.[3][4]
History
[edit]The first store was opened in Andheri, Mumbai on 27th Oct 1991.[5]
The company opened its 22nd store at Lucknow in 2006.[6] In 2007, it entered into partnership with Nuance Group AG, and opened stores in Mumbai T1 and Bengaluru Airports.[7]
An e-store with delivery across major cities in India was launched in 2008, with a smartphone app in 2016.[8]
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.[9]
Chandru Raheja was succeeded by BS Nagesh.[10]
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.[11][12]
See also
[edit]References
[edit]- ^ "Board of Directors". corporate.shoppersstop.com. Retrieved 30 August 2022.
- ^ a b c "Performance Highlights - Q4 FY24" (PDF). BSE. Shoppers Stop Limited. Retrieved 28 June 2024.
- ^ "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]
- ^ "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.
External links
[edit]