Shoppers Stop plans expansion to catch up with competitors

Shoppers’ Stop Ltd, the 18-year-old retail chain promoted by K Raheja Corp, is plans to expand over the next three years to catch up with competition.

Though the company was among the first movers in the country’s organised retail market, it has about 1.9 million (sq ft of retail space today. It is considered a slow mover compared to competitors such as Kishore Biyani’s Pantaloon Retail, which has over 10 million sq ft of space, or Reliance Retail, which has over 950 stores covering 4 million sq ft. Aditya Birla Retail has 700 stores with over 2 million sq ft space. Both Reliance and Aditya Birla started operations in 2006.

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