Retail in Asia

In Shops

India’s Hypercity to be cautious on store expansion plans

Hypercity, the hypermarket arm of Indian retailer Shoppers Stop , is scaling down its store rollouts and tweaking the product mix to include high-margin goods in an effort to achieve break even faster.

Hypercity plans to open 2 hypermarkets in the current fiscal year that began in April from three last year and will invest INR80-85 million (USD1.6-1.7m) per store.

It also plans to roll out new stores in the geographies it is currently present in to reduce promotional and logistics costs.

(Source: CNBC)