Shoppers Stop returns to core after divestments

Retailer plans growth through web and private labels

Four transactions by Shoppers Stop in a fortnight, including divestment of a couple of loss-making units, commercial tie-up with Indian arm of online platform major Amazon, besides attracting a financial investment from its US arm, have put focus back on K Raheja Corp-promoted retailer. 

The company was losing investors' attention as it reported net loss of Rs 37 crore last financial year while clocking Rs 5,185-crore net sales. The balance sheet was also stretched, with debt of Rs 885 crore being 1.8 times its shareholders’ equity. In the last two financial years, the company lost its market value by 11