Stop plans Rs 1,000 cr turnover by 2004
Pune, May 19: SHOPPERS Stop Ltd is aiming to cross
the Rs 1,000-crore sales turnover mark by 2004. As on March 2001,
Shoppers Stops turnover was Rs 213 crore and it hopes
to reach the milestone by opening four to six stores every year.
The K Raheja Corporation retail chain opened its eighth store in
the country at Pune on Saturday.
Two more stores are planned in Mumbai at Bandra and Kandivali this
year and one in Kolkata next year.
After this, our focus will be on consolidating and expanding
in cities we are already present. There is so much opportunity in
these cities and it is not enough to have one store, customer
care associate and vice-president (operations) Harit Nagpal said.
An investment of around Rs 12 crore has gone into Shoppers
Stops Pune outlet.
Located at a distance from the main shopping centre of the city,
the store was not expected to attract walk-in customers. Mr Nagpal
said that the effort would be to create the store at a new destination.
The 40,000-sq ft shopping space, across four floors, with 150 brands
and the in-house label Stop, is expected to pull in
It will also house Cafe Ritaaza, an Italian coffee bar and the Gautier
furniture shop. For the first time, Shoppers Stop will be
playing with specific moods for each floor, rather than dividing
the space on a gender basis.
The flagship store set up in Andheri, Mumbai in 1991, still contributes
around 35 per cent of the chains turnover. With presence in
Bangalore, Hyderabad, Jaipur, New Delhi and Chennai, the chain has
over 3,00,000 sq ft of retail space.