Sales Turnover

• Annual Sales Turnover = Rs. 8,07,34,000

No. of Outlets across the Country - 30
FORMATS
 Plans for next 5-10 years
• Shoppers Stop plans to double turnover to Rs 3,000 cr in 5 yrs
• On the verge of completing 20 years of operations, retail chain Shoppers Stop is charting out an aggressive expansion plan to double its turnover to Rs 3,000 crore
within the next five years.

The company, which opened its first store at Andheri, Mumbai, in October 1991, currently has 30 outlets spread across major cities in the country. It now aims to
double its presence to 60 outlets in the next five years, taking its brands beyond the metros to smaller cities and towns.

Shoppers Stop is gearing up to raise around Rs 250 crore to fund its expansion plan for the next five years. The CL Raheja Group, which promotes the retail chain, said
that it has invested around Rs 200 crore in Shopper Stop outlets over the last 20 years.

They are planning to raise around Rs 250 crore through QIP and issue of warrants by the next quarter. They have already raised Rs 30 crores.

As the company doubles its store presence, it will expand its retail space to 3.4 million square feet from 1.8 million square feet.

Besides this, it plans to expand its large-format store 'Hypercity' from 800,000 square feet to 2.4 million square feet in the next five years by adding 19 more stores to
the current seven.

"Our strategy now is to expand. The country has opened up socially and culturally. We will double the number of stores to 60. We will also take the number of cities we
are present in to 35, from 13 cities across the country," he said.

Reflecting on the changes witnessed by the Indian retail sector over the last 20 years, Shrikhande said that the evolution undergone in the country's cultural and social
scenario has helped the business expand.

"Over the last few years, availability of space through malls and others has increased tremendously. Availability of money in the hands of the customers with the rising
per capita income has also increased," he said.

Shrikhande said that the changing lifestyle and the entry of various kinds of mass media has also encouraged the country's youth to spend more -- contributing to the
growth of the sector.

"The spending power among the youth has improved. Around 65 per cent of Indians are below 35 years of age, and that is a huge potential," he said.
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