Shoppers Stop closes HomeStop store at Malviya Nagar in Jaipur

Shoppers Stop has closed its HomeStop store at Malviya Nagar Jaipur, due to lower than expected business and its low profitability. The sale from this store for the last financial year was Rs 738 lakh, which is 0.2% of the turnover of the Company. With the closure of this store, the company has now 18 ‘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.