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BSE: 532638 | NSE: SHOPERSTOP | ISIN: INE498B01024 Market Cap: [Rs.Cr.] 3,256 | Face Value: [Rs.] 5 Industry: Textiles - ProductsAn Indian retail sector major Shoppers Stop Limited (SS) opened its door in the year 1991, the foundation was made by K Raheja Corp and it was incorporated on 16th June 1997 as a private limited company. It started operations with the first store in suburban Mumbai and is now a multi-channel retailer with 24 large format department stores and online presence. From its inception, Shopper's Stop has progressed from being a single brand shop to becoming a Fashion & Lifestyle store for the family. Today, Shopper's Stop is a household name, known for its superior quality products, services and above all, for providing a complete shopping experience.
It provides retail range of branded and own label apparel, footwear, perfumes, cosmetics, jewellery, leather products and accessories, home products, books, music and toys, operates in the cities of Mumbai, Delhi, Kolkata, Chennai, Bangalore, Hyderabad, Pune, Jaipur and Gurgaon. The first store was opened in the year 1991 at Andheri, a suburb in Mumbai, only with Menswear and the Ladieswear was introduced in the year 1992. After a year, the company added Children & non apparels to its list in 1993. Loyalty Program titled First Citizen was launched by SS in the year 1994 and in 1995; the company had opened the second store in Bangalore. The status of the company was changed to deemed public limited company in December of the same incorporation year 1997. SS had opened its third store in Hyderabad during the year 1998 and implemented JDA Retail ERP (a global leader in retail ERP packages) in the year 1999. Also during the same year of 1999, the company's fourth & fifth stores in Jaipur & Delhi were opened. During the year 2000, the company opened its sixth & seventh store at Chennai & Chembur, Mumbai and also in the same year 2000, SS had acquired Crossword, India's leading retail book chain.
The eight & ninth store in Pune & Bandra and tenth store in Kandivli, Mumbai were opened by the company in 2001 and 2002 respectively. Shoppers Stop Limited status was further converted to a full-fledged public limited company on 6th October 2003. The eleventh, twelfth & thirteenth store in Mulund (Mumbai), Gurgaon and Kolkata were unlocked by the company in the 2003 itself. During the year 2004, SS had opened its fourteen, fifteen & sixteenth store in Malad - Mumbai, Kolkata & Bangalore. In 2005, SS had opened its seventeen, eighteen, nineteen & twentieth store in Pune, Juhu - Mumbai, Bangalore & Ghaziabad. Also in the same year of 2005, the company had launched M.A.C & Homestop, a home store. Mothercare in India and F & B outlets Brio & Desi Cafe were launched by the company during the period of 2006. SS made its release of twenty first (Mumbai) and twenty second store in Lucknow in the identical year of 2006 and also acquired 45% of Timezone India.
The Company had opened its 22nd Store at Noida in May 2007. During the same year 2007, the company had signed Joint Venture (JV) (50:50) with the Nuance Group for Airport Retailing and also inked the Memorandum of Understanding (MoU) with the Home Retail Group of UK to enter into a franchise arrangement for the Argos formats of catalogue & internet retailing. In March 2008, SS kicks its operation Kolkata, aggregating the 24 shops. The Company honored with Emerging Market Retailer of the Year 2008 in April of the year 2008. In same April of the same year 2008, SS had unveiled its new logo and introduced the new expression of the brand. SS bagged Department Store of the Year award in November of the year 2008 for its reputation in the industry.
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