Shoppers Stop to expand existing operations
New Delhi, July 8: Shoppers Stop, a leading retail player, announced plans for expanding its existing operations by investing Rs 300 crore and use the monies raised for setting up more outlets.
''We will infuse Rs 300 crore to increase our number of outlets to 50 by 2010. We have earmarked top 20 cities to set up the stores,'' company's Customer Care Associate and Managing Director B S Nagesh told reporters here while launching the country's largest departmental store.
The company also plans to bring out a rights issue by the end of the year for expanding the existing outlets, including those at the airports, said Mr Nagesh.