In a bid to expand its physical and online presence, organised retailer, Shoppers Stop has drawn up huge investment plan. The company will invest Rs 140 crore for expansion of its stores and online sale infrastructure within next one year, which include investment of Rs 35 crore on development of technology and infrastructure for the omni channel, which is a combination of physical store and online site. Moreover, the capex of Rs 140 crore by Shoppers Stop will happen from its internal accruals.
At present, the company has 73 stores and it will be opening six Shoppers Stop stores, three HyperCity stores and five speciality stores during the next 12 months.
Shoppers Stop is engaged in the retailing business. It runs a chain of departmental stores with brands including Shopper's Stop, Home Stop, Crossword, Cafes and Restaurants etc.
