Shoppers Stop changes gear

The premier department store chain is making rapid moves to get a bigger share of the customer's wallet.

The Raheja-owned Shoppers Stop, which was so far an up market department chain, is becoming a full service retailer soon. It is increasing its stake in the promoter group’s hypermarket chain Hypercity from 19 per cent to 51 per cent.

By doing so, Shoppers Stop will join the select league of retailers such as Kishore Biyani’s Future Group, Tata’s Trent and Mukesh Ambani’s Reliance Retail – all of whom operate both hypermarkets and department stores.

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