Shoppers Stop, Nair: Retail sales to grow in low double digits this fiscal
29 April 2022, Mumbai:
India’s retail sales is set to grow in low double digits this fiscal year as footfalls at offline stores surge with the easing of restrictions, says Venu Nair, Managing Director, and CEO, Shoppers Stop.
The future of retail in India will be omni-channel through online will continue to remain important, he adds.
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The retailer expects portfolio footfalls into stores as well as online shopping to continue growing in the coming year.
This year, Shoppers Stop plans to open 15 department stores and 20 beauty stores. And another 15 department stores and 20 beauty stores in FY23, notes Nair.
It plans to partner with a number of international and national brands for its expansion besides adding new brands to its online portfolio.
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Shoppers Stop holds a multitude of leading international and national brands for apparel, fragrances, accessories, cosmetics, footwear, home décor, and furnishings in its portfolio.
The retailer aims to provide a memorable international shopping experience to customers. It is one of the largest chains of department stores across India.
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