Shoppers Stop has closed its ‘Shoppers Stop’ store located at Kormangala, Bangalore, due to lower than expected business and its low profitability. The sales from this store for the last financial year 2018-19 was Rs 28.35 crore constituting 0.64% of the turnover of the Company as on March 31, 2019.
With the closure of this store, the Company has now 84 ‘Shoppers Stop’ 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.
