Future Group, Hypercity, Spencers, Shoppers Stop happy with annual sales: Retailers
The trend of annual sales of large retailers, including the Future Group, Shoppers Stop and Spencer’s Retail, has set in. Interestingly, these sales contribute 20-40% to the overall revenues of these companies, along with…
Shoppers Stop eyes around Rs 1,000 crore revenues from Hypercity
K Raheja-promoted retail chain Shoppers Stop, which has a majority stake in the group’s hypermarket format Hypercity, expects the latter to be profitable at the company level in FY 12 …
Raheja vs Raheja duel to spice up retail mart
Construction baron GL Raheja is about to stretch his retail compass by taking over Homecare Retail Mart, a chain of hypermarket stores mauled by the slowdown, pitting himself against brother CL Raheja’s Shoppers Stop and Hypercity. The GL Raheja group is buying out other high net worth investors in the Mumbai-based company for an undisclosed amount, [...]
Shopper’s Stop keeps Rs 300 crore for expansion
BSE listed retail chain Shopper’s Stop, promoted by K Raheja group, which currently operates 29 Shoppers Stops and 5 hypercity malls in the country has earmarked Rs 300 crore as its capex for the next 2-3 years to expand operations, a top company official said. “We have a capex plan of Rs 250-300-crore for over [...]
Hypercity Launches 5th Store in Mumbai
HyperCITY Retail (I) Limited, yesterday launched its much awaited store at Big Thane Shopping Centre, Ghodbunder Road, Thane. After the successful launch of four stores; in Mumbai, Vashi, Jaipur & Hyderabad; HyperCITY Thane is the fifth store in India and third in Mumbai. Commenting on the launch of the Thane store, Mr. B S Nagesh, [...]
