Shoppers Stop to expand sales network, to add Amazon kiosks across stores

By

Maverick Martins

Published
Jul 31, 2018

​After posting strong first-quarter results, Shoppers Stop is looking to expand its sales network and strengthen e-commerce presence aiming for 8 percent growth in the coming quarters with this strategy. 
 

Shoppers Stop had registered a total income of Rs 834 crore ($121.6 million) for the first quarter this fiscal with a 363 percent rise in net profit.
 
The company will be expanding to 2 to 3 new cities and will open 12 beauty stores this year. Amazon kiosks will also be set up across all Shoppers Stop stores soon.

"We expect to be stronger in the second quarter and we are looking for 7.5 per cent growth. We are looking next three quarters in this range," Shoppers Stop Customer Care Associate Managing Director and CEO Rajiv Suri told PTI.
 
"Currently we are present in 38 cities and each year we would add two to three cities in our network. This year we are opening five new department store and 10 to 12 beauty stores," Suri added.
 
"We have introduced three Amazon Kiosks in Mumbai and Bangalore, which displays and sells Amazon's exclusive products. We have noticed considerable traction and now we are planning to roll out across our stores in a phased manner," he added.
 
With the strengthening of its e-commerce presence, the company is hoping for a steep rise in online sales and expects this channel to contribute up to 10 percent from the current 1.5 percent to the overall revenue in the coming years.