Shoppers Stop planning to launch 12 new stores in FY23
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Shoppers Stop is planning to launch 12 new stores in FY23, primarily in tier-2 and tier-3 cities, and will continue to invest in store renovations. The company plans to increase the share of new and refurbished stores to over 50 per cent in FY23. The company will also continue to invest in its private labels, including celebrity endorsements. The company is investing in the new-age technology and is backing its data analytics project Jarvis to maximise its understanding of customer behaviour and preferences.
Shoppers Stop is engaged in the retailing business. It runs a chain of departmental stores with brands including Shopper’s Stop, Home Stop, Crossword, Cafes and Restaurants etc.
