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Shoppers Stop shuts 4 unprofitable stores
BS Reporter in Mumbai | February 28, 2009 11:28 IST
Last Updated: February 28, 2009 11:29 IST
Raheja-owned departmental store chain Shoppers Stop on Friday said it has shut three of its unprofitable book stores 'Crossword' and airport store 'Stop & Go' in the country.
"They were not profitable. We open new stores without much information and when we close them, we have complete knowledge about them,'' said Shoppers Stop MD B S Nagesh.
He did not specify how many stores the company has closed in the last one year. The closed Crossword stores were at Mumbai airport and shop-in-shops at Shoppers Stop stores in Chennai and New Delhi. Stop & Go was at Mumbai airport.