Shoppers Stop, Walmart chalk out investment plans

Shoppers Stop and Walmart have chalked out investment plans to expand their physical and online presence.

 

Shoppers Stop is planning to invest Rs 140 crore for expansion of its stores and online sale infrastructure within the next one year. The retailer which presently has 73 stores, will open six Shoppers Stop stores, three HyperCity stores and five speciality stores during the next 12 months. This capex of Rs 140 crore will happen from its internal accruals.

 

Walmart India, which became a 100 per cent subsidiary of Walmart Inc last year following the break-up of its JV with Bharti group, has plans to open 50 stores over the next five years.

 

They are focused on the cash-and-carry business and already have 20 stores. Their 21st store will be opened in Agra, in September 2015.

 

Even though Walmart is presently focused on Andhra and Telangana to fuel its expansion, it is also eyeing the Northern states of Delhi, UP, Punjab, Haryana and Rajasthan.

 

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