03 December 2022, Mumbai
Shoppers Stop’s new store at Bangalore is spread across an area of 55,696 sq ft. The store houses over 500 international, national, and exclusive brands spread across multiple categories.
This is the retailer’s seventh store in Bangalore and in all Shoppers Stop has a presence across 98 department stores in 49 cities. With each new store opening, Shoppers Stop strives to elevate the brand experience for consumers and has been on an expansion spree post the Covid pandemic and plans to open 12 to 15 stores every year.
For the second quarter Shoppers Stop had 40 per cent more customers than it did pre-Covid. The department store saw strong sales driven by footfalls as well as eyeballs online. Categories which have seen a good surge are Indian wear, home, men’s wear, especially suits and jackets. Gifting as a category with things like watches also saw good growth. So there was a multi-category growth across Shoppers Stop stores. Shoppers Stop’s income increased 43 per cent for the second quarter. The momentum from last year and the first quarter of this year continued for the department store chain. Customer sentiments were reflected in footfalls, average selling price and average transaction value.
