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Shoppers Stop to add 24 stores in metros and tier-2 towns over three years
Posted On: 06-04-2012 00:00:00 12

Shoppers Stop Ltd (SSL), a K Raheja Group company, is planning to open 24 stores in metros and tier-II cities like Nashik, Jalandhar and Kochin over three years. The store sizes will range from 40,00060,000 sqft. The investments planned amounts to Rs 300 crores, with over Rs 8 crore for each store,inclusive of capital expenditure and stock keeping units. Shoppers Stop stocks over 400 brands. The retailer opened its 52nd store this week, with its fifth store in Pune.Govind Shrikhande, MD Shoppers Stop, as per media reports, said that it took nearly 24 months for a store to break even and book profits. He commented that the retail industry had a higher attrition rate as compared to other businesses. To tackle this, Shoppers Stop and IIM-A have jointly designed a 18 month course, where the students undergo on the job training for nine months at Shoppers Stop stores. These courses are being offered for Rs 1.02 laks, at major management institutes and fashion designing institutes, such as the School of Fashion Technology in Pune. Shrikhande said that Shoppers Stop will recruit over 1500 people through this. The first batch of 400 students will join the chain in November 2012.

 
 
 

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