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 is an Indian retail chain established in 1991 and owned by the K. Raheja Corp Group. The company operates department stores across India, offering a diverse range of products including apparel, accessories, cosmetics, fragrances, and home décor items. As of December 31, 2023, Shoppers Stop operates 107 department stores across 56 cities. The company has shown consistent growth since its inception, expanding its presence in various regions throughout India. Shoppers Stop aims to provide customers with a comprehensive retail experience, offering a wide array of products to meet diverse consumer needs.
Global SSBeauty Brands Limited functions as a subsidiary of Shoppers Stop, specializing in curating and providing an expansive assortment of beauty and cosmetic products to customers across India. This subsidiary was established in response to the growing demand for premium beauty brands, positioning Global SSBeauty Brands Limited as a significant player in the beauty retail sector. Committed to offering a curated collection, Global SSBeauty Brands Limited provides a diverse range of international and domestic beauty brands, spanning categories such as skincare, makeup, haircare, and fragrances. The company prioritizes quality and innovation, ensuring that customers have access to the latest trends and cutting-edge products in the realm of beauty and cosmetics.
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]
Competition
References
- ^ "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