In a bid to expand its various brands of retail stores, Shoppers Stop is planning to spend around Rs 125 crore this year. The investment would be garnered from internal accruals and can also be arranged from debt if required.
The company is planning to add around 20 stores across its brands during the period. Of which, the company will open around 10 more department stores, 3 large formats hyper market HyperCity stores, 3 HomeShop stores and five speciality stores across its other brands.
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.
