1. Shoppers Stop at Delhi airport shuts down

Shoppers Stop at Delhi airport shuts down

Shoppers Stop has shut down ‘Crossword’ stores at Bengaluru domestic terminal and Jaipur International Airport and the Shoppers Stop...

By: | Mumbai | Published: April 23, 2015 12:36 AM

Shoppers Stop has shut down ‘Crossword’ stores at Bengaluru domestic terminal and Jaipur International Airport and the Shoppers Stop store at T3, Delhi International Airport, the company said in a filing to the Bombay Stock Exchange. Following this, there are 71 Shoppers Stop retail format stores operational in the country and 95 Crossword stores.

Analysts say retailers shut down stores due to various reasons, ranging from an inability to break even to the location not being viable. Also, with e-commerce picking up, brick-and-mortar players are facing stiff competition, which has started impacting their profits.

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