Shoppers Stop is planning to invest Rs 50 crore in its e-commerce business in the next two years, expecting the new channel to generate 10 per cent of its annual turnover. With 72 stores across 34 cities, the company reported an annual turnover of Rs 3,370 crore last fiscal. Its net profit rose 10 per cent to Rs 40.7 crore.
Recently, the company has appointed a new CEO, Sachin Oswal (Co-Founder and former chief operating officer of Infibeam), to head its online business, apart from implementing the hybris operated software from SAP to give fresh impetus its e-tailing.
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.
