Shopper`s Stop to invest Rs 350 cr in five year`s period
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Last Updated: Thursday, December 17, 2009, 09:33
  
Mumbai: Leading retail chain, Shopper's Stop, plans to invest Rs 350 crore to set up 32 new stores and up its pan-India network to 60 in the next five-years, a top company official said.

"We have drawn up investment plans of Rs 200 crore for adding 18 new stores with about three million square feet in the next three-years period," Shrikhande told PTI here.

The stores will be opened at Ahmedabad, Amritsar, Mangalore, Mysore, Aurangabad, Chandigarh and other Tier II cities, he said.

A further Rs 150 crore has been earmarked to add 14 more stores but plans for this are still in the preliminary stage, he said.

Presently, the retail chain has a network of 28 stores in 12 cities across the country occupying an aggregate area of over 1.88 million sq feet.

The company, which launched Europe's first denim brand, Mustang, in the city yesterday, plans to launch more foreign brands in the near future, the Shopper's Stop official said.

On its private labels business, Shrikhande said that its contribution to the company's sales this year so far has fallen to 17 per cent as against 20 per cent last year.

PTI


First Published: Thursday, December 17, 2009, 09:33


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