Shoppers' Stop, the retail brand of the group promoted by K Raheja, has said on Wednesday that it will be making Rs. 125 crore of capital expenditure. This money is going to be spent in opening new stores.
As many as 12 new stores are expected to be opened during this fiscal, a top official of the company said to the media.
Talking to the reporters about this development, Govind Shrikhande, CEO of Shoppers' Stop said that between 8-12 stores will be opened by the company. Most of these stores, Govind said would be opened in the metros.