Shopper’s Stop to invest Rs 350 cr in 5 yrs

The stores will be opened at Ahmedabad,Amritsar,Mysore,Mangalore,Aurangabad,Chandigarh and other Tier II cities,Shrikhande said.

A further Rs 150 crore has been earmarked to add 14 more stores but plans for this are still in the preliminary stage,he said.

At present,the retail chain has a network of 28 stores in 12 cities all across the country over an area of 1.88 million sq feet.

The company,launched Europe’s first denim brand,Mustang in the city,plans to introduce more foreign brands in the near future,the official said.

On its private labels business,Shrikhande said that its contribution to the company’s sales this year fell to 17 per cent against 20 per cent in the last year.