Shoppers Stop has closed its HomeStop store at Inorbit Mall - Pune, due to lower than expected business and its low profitability. The sale from this store for the last financial year was Rs 256.8 lakh, which is 0.07% of the turnover of the company. With the closure of this store, the company has now 16 ‘HomeStop’ stores under its operations.
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.
