MoneyWorks4Me

Shoppers Stop plans to strengthen its online business

13 May 2015 Evaluate

Faced with competition from the e-market places, department store chain Shoppers Stop is planning to strengthen its online business, which will later be integrated with the physical stores. In this regard, the Raheja-owned chain is planning to invest Rs 50 crore over the next two years to develop ‘omni-channel’ - a multi-channel approach to sales to provide customers with a seamless shopping experience regardless of whether she or he is shopping online or in person at a bricks-and-mortar store. Heavy advertising by e-commerce portals had affected the sales growth of Shoppers Stop in the third quarter of FY15.

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.

 

Peers
Company Name CMP
Avenue Supermarts 3687.90
Trent 2804.40
Vishal Mega Mart 101.50
PN Gadgil Jewellers 613.50
Aditya Birla Life 83.43
View more..