Vision:
To be a Global Retailer in India and Maintain No.1 position in the
Indian Market in the Department Store Category.
Positioning
Shoppers’ Stop is positioned as a family store delivering a complete
shopping experience defined by its mission, vision and values.
1991: Shoppers' Stop launches at Andheri
Setting up shop in 1991 with its flagship store in Andheri, Mumbai,
Shoppers’ Stop is a member of the K. Raheja Corp. of Companies.
Shoppers’ Stop is the first retail venture by the K. Raheja
Corp. Promoted by Mr. Chandru L. Raheja, Mr. Ravi C. Raheja and Mr.
Neel C. Raheja, the K. Raheja Corp. have been leaders in the construction
business for over 48 years.
With its wide range of merchandise, exclusive shop-in-shop counters
of international brands and world-class customer service, Shoppers’ Stop
brought international standards of shopping to the Indian consumer
providing them with a world class shopping experience.
India – 2000 & Beyond…
Expanding its operations to Bangalore, Hyderabad, Jaipur, Delhi, Chennai,
Mumbai (Andheri, Bandra, Chembur, Kandivli, Mulund), Pune, Gurgaon
and Kolkata, Shoppers’ Stop is today recognised as India’s
premier shopping destination. With a customer entry of about 50,000
customers a day, a national presence with over 6,00,000 square feet
of retail space and stocking over 250 brands of garments and accessories,
Shoppers’ Stop has clearly become a one stop shop for all customers.
Customer Profile
Shoppers’ Stop’s core customers represent a strong SEC
A skew. They fall between the age group of 16 years to 35 years, the
majority of them being families and young couples with a monthly household
income above Rs. 20000 and an annual spend of Rs.15000. A large number
of Non - Resident Indians visit the shop for ethnic clothes in the
international environment they are accustomed to.
Range of merchandise…
The stores offer a complete range of apparel and lifestyle accessories
for the entire family. From apparel brands like Provogue, Color Plus,
Arrow, Levi’s, Scullers, Zodiac to cosmetic brands like Lakme,
Chambor, Le Teint Ricci etc., Shoppers’ Stop caters to every
lifestyle need. Shoppers' Stop retails its own line of clothing namely
Stop, Life , Kashish, Vettorio Fratini and DIY. The merchandise at
Shoppers’ Stop is sold at a quality and price assurance backed
by its guarantee stamp on every bill.
Their motto: “We are responsible for the goods we sell”.
Customer Rewards – The First Citizen
Shoppers’ Stop’s customer loyalty program is called The
First Citizen. The program offers its members an opportunity to collect
points and avail of innumerable special benefits. Currently, Shoppers’ Stop
has a database of over 2.5 lakh members who contribute to nearly 50%
of the total sales of Shoppers’ Stop.
International Affiliations
Shoppers’ Stop is the only retailer from India to become a member
of the prestigious Intercontinental Group of Departmental Stores (IGDS).
The IGDS consists of 29 experienced retailers from all over the world,
which include established stores like Selfridges (England), Karstadt
(Germany), Shanghai No. 1 (China), Matahari (Indonesia), Takashimaya
(Japan), C K Tang (Singapore), Manor (Switzerland) and Lamcy Plaza
(Dubai). This membership is restricted to one member organization per
country/region.
Acquisitions
The Organisation, in 2000, along with ICICI ventures also acquired
the reputed bookstore, “Crossword”, which offers the
widest range of books along with CD-ROM, music, stationery and toys.
Services like Dial-a-book, Fax-a-book and Email-a-book enable customers
to shop from their homes. Crossword currently has 18 Stores.
The IT Backbone
Realising the role of IT way back in 1991, Shoppers’ Stop was
among the first few retailers to use scanners and barcodes and completely
computerise its operations. Today it is one of the few stores in India
to have retail ERP in place, which is now being integrated with Oracle
Financials and the Arthur Planning System, the best retail planning
system in the world. With the help of the ERP, they are able to replicate
stores, open new stores faster and get information about merchandise
and customers online, which reduces the turnaround time in taking quick
decision.
Supply Chain Management
Understanding the importance of distribution and logistics in ensuring
that merchandise is available on the shop floors, has led Shoppers’ Stop
to streamline its supply chain. The company has developed process
manuals for each part of the logistics chain. These modules include
vendor management, purchase order management, stock receiving systems,
purchase verification and inventory build up, generation and fixing
of price and store tags, despatch of stocks to the retail floor and
forwarding of bills for payment.
Future Plans
Shoppers’ Stop aims to position itself as a global retailer.
The company intends to bring the world’s best retail technology,
retail practices and sales to India. Currently, they are adding 4 to
5 new stores every year
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