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Shoppers' Stop to scale up its outlets

Leading retail chain Shoppers’ Stop is looking to raise up to Rs 350 crore through Qualified Institutional Placement route by March 2011 to fuel expansion and hike stake in Hypercity. The BSE-listed retail chain will scale-up its outlets to 43 by adding 14 more by the end of financial year 2011. It will also open six more hypercity stores in the next 18 months besides, increasing stake in Hypercity to 51 per cent from present 19 per cent. Such expansion will boost business of many in the signage sector offering outstanding opportunity particularly to in-store media companies and signage suppliers.

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