Buoyed by rapid growth in the retail industry Shoppers Stop plans to open 24 stores by FY14. To start with, the firm would be opening 8-9 Shoppers Stop stores in the current fiscal. Presently, the company has 38 stores across the country, with a total retail space of about 2.3-million square feet.
The retail industry is growing by around 30-35% every year. By FY 14, the company will have 62 stores operational with a total retail space of 3.6-million square feet. Apart from expanding in metros, it will also enter tier-II cities. Apart from the Shoppers Stop departmental stores, the company has five specialty retail formats like Home Stop (home furnishing), Mothercare (baby care), Crosswords (books & music), Estee Lauder (cosmetics) and Mac (cosmetics).
