Shoppers Stop plans 12 new stores in three yea

Departmental store chain Shoppers Stop plans to open 12 more outlets with a total area of 650,000 sq ft in the next three years by taking advantage of the fall in mall rentals, reversal of service tax thereon and possible revival in the economy. The company plans to open four stores this fiscal, in Bangalore, Ahmedabad and Hyderabad, and four each in the next two fiscals, each store measuring around 55,000 sq ft. This new expansion plan of Shoppers’ Stop will be a grand opportunity for signage segment, particularly in-store media and generally all signage suppliers across the country.