Shoppers Stop

Indian department store chain

Shoppers Stop Limited

Company type| Public

Traded as

* BSE: 532638
* NSE: SHOPERSTOP

Industry| Retail
Founded| 1991
Headquarters| Mumbai, India

Area served

| India

Key people

| B. S. Nagesh (Chairman)
Kavindra Mishra (ED & CEO)[1]
Services| Department store
Revenue| ₹19.30 billion (US$230 million)
FY 11-12[2]

Number of employees

| 14,000+
Parent| K Raheja Corp
Website| www.shoppersstop.com
Former logo of Shoppers Stop used prior to 2008

Shoppers Stop is an Indian department store chain, owned by the K Raheja Corp. There are 86 stores across 40 cities in India, with clothing, accessories, handbags, shoes, jewellery, fragrances, cosmetics, health and beauty products, home furnishing, and decor products.

## History[edit]

The first store was opened in Andheri, Mumbai on 27th Oct 1991.[3]

The company opened its 22nd store at Lucknow in 2006.[4] In 2007, it entered into partnership with Nuance Group AG, and opened stores in Mumbai T1 and Bengaluru Airports.[5]

An e-store with delivery across major cities in India was launched in 2008, with a smartphone app in 2016.[6]

In June 2018, the retail chain underwent a board rejig in which promoter Chandru L Raheja resigned as the non-executive chairman after having served for over two decades.[7]

Chandru Raheja was succeeded by BS Nagesh.[8]

## Awards[edit]

Shoppers Stop Ltd has been awarded "the Hall of Fame" and won "the Emerging Market Retailer of the Year Award", by the World Retail Congress at Barcelona, in April 2008.[9][10]

Shoppers Stop is listed on the BSE and National Stock Exchange of India.[11] As of 2013, Shoppers Stop had 83 stores in India.[12]

## Competition[edit]

* Reliance Centro
* Pantaloons
* HomeStop
* Crossword Bookstores
* Estèe Lauder
* MAC
* Clinique
* Bobbi Brown

## References[edit]

1. ^ "Board of Directors". corporate.shoppersstop.com. Retrieved 30 August 2022.
2. ^ [1]BSE. Archived 29 October 2013 at the Wayback Machine
3. ^ "Shoppers Stop plans Rs 1,000 cr turnover by 2004". Financial Express. 20 May 2001.
4. ^ "Shoppers Stop Ltd". Business Standard India. Retrieved 4 April 2018 - via Business Standard.
5. ^ "Shoppers Stop to exit Nuance Group Joint Venture". The Economic Times. 23 August 2017. Retrieved 4 April 2018.
6. ^ www.ETtech.com. "Shoppers Stop to spend Rs 60 Cr on omnichannel strategy in next three years | ETtech". The Economic Times. Retrieved 2 May 2016.
7. ^ "Chandru L. Raheja resigns as Chairman of Shoppers Stop Ltd". 8 June 2018.
8. ^ "Govind Shrikhande steps down as Shoppers Stop managing director". Business Standard.
9. ^ "World Retail Awards 2008 Winners". World Retail Congress. 10 April 2008.
10. ^ "Govind Shrikhande To Step Down As Shoppers Stop Managing Director". Bloomberg Quint.
11. ^ "Corporate Information - Shoppers Stop". Bombay Stock Exchange. scrip: 532638. Archived from the original on 1 February 2010. Retrieved 13 January 2009.
12. ^ "Shoppers Stop to enter smaller cities". Times of India. 11 August 2010.[dead link]

## External links[edit]

* Official website