Future Retail to pay Rs 500 cr in stock, 155 cr cash for Hypercity

Future Retail will pay most of the cost of its proposed Hypercity acquisition by issuing new shares, and only about a fourth will be paid in cash. The deal will put even more distance between Future, which operates chains such as Big Bazaar and Central, and other players in India’s organized retail market. Hypercity is […]

Shoppers Stop opens new MAC, Mothercare outlets

Indian retailing company Shoppers Stop Ltd. said it has opened one ´M.A.C´ door at New Delhi International Airport and one shop-in-shop ´Mothercare´ store at Orion Mall, Brigade Gateway Bengaluru. “By opening these stores the company has now 40 M.A.C doors and 41 Mothercare stores under its operations,” said the company. The company said its 51% […]

Shoppers Stop to sell clothes via Snapdeal

Shoppers Stop, one of India’s oldest organized retailer, has tied up with Snapdeal, One of India’s largest online marketplaces, to sell its merchandise through a flagship Shoppers Stop store on the online portal. “This partnership will leverage Shoppers Stop’s unparalleled brand assortment and Snapdeal’s pan India reach to create a superlative and holistic omni-channel retail […]

Shoppers Stop targets 15% revenue from ecommerce, digital

Retailer Shoppers Stop said it would invest Rs 60 crores over the next 3 years to build up an ‘omnichannel’ delivery platform that would encompass physical stores, web, social, TV and marketplaces. It has chosen SAP as its technology solutions partner. The move would involve its group companies HomeStop, Hypercity and Crossword as well. By […]

Flipkart ties up with Future group, Shopper’s Stop and @Home to home decor online

Online retailer Flipkart announced a strategic partnership with three of the country’s largest home retail brands—Home Town (Future group), HomeStop (Shoppers Stop) and @Home to sell home decor items. “The partnerships will introduce a whole new range of products from these retail brands—adding to Flipkart’s existing portfolio of 1000+ brands with seven lakhs home products,” […]