Shoppers Stop plans Rs 250 cr outlay; to add 15 more stores

摘要

Retail chain Shoppers Stop today said it will invest Rs 250 crore in the next three years to open 15 more stores across the country.rn"We will invest Rs 250 crore in the next three years to add another 15 stores. Each store would require an investment of Rs 12-15 crore," the Shoppers Stop Vice-President Marketing and Loyalty, Mr Vinay Bhatia, said.rnTo a query on funding, he said, "a major chunk of the investment will come from internal accruals."rnFurther, he added that the company has been able to decrease its operational cost by 30 per cent and is now focused on increasing its topline.