Shoppers Stop has opened one new store at Durgapur. With the opening of this store, the company has now 37 stores (including two airport stores) under its operation.
Further, the company’s wholly owned subsidiary - Crossword Bookstores - has also opened one franchisee store at Sadashiva Nagar, Bengaluru. With opening of this store, there are now 69 Crossword stores.
Recently the company’s subsidiary - Crossword Bookstores opened one franchise store at Junction Mall, at Durgapur.
Shoppers Stop is engaged in the retailing business. It runs a chain of departmental stores with brands including Shopper’s Stop, Home Stop, Crossword and Cafes and Restaurants etc. The company has reported a surge of 45.03% in net profit to Rs 27.86 crore for the quarter ended December 31, 2010 against Rs 19.21 crore for the quarter ended December 31, 2009. Total income of the quarter stood at Rs 458.68 crore, up 26.50% over Rs 362.60 crore for the year ago period.
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