Shoppers Stop Aims 15% Online Sales by 2020
Fashion retailer Shoppers Stop is looking at doubling its mobile application downloads to two million and 15 per cent sales through its digital touch points by 2020.
“We are following a four-pronged strategy to grow our business by enhancing the customer experience, offering a wider assortment, leveraging technology and focusing on innovation to meet our 2020 target of 15 per cent sales through digital touch points,” Govind Shrikhande, MD of Shoppers Stop said.
“Our mobile application, launched six months back, presently has over 9 lakh downloads and we are looking to double that by 2020. The retail company, which is celebrating its 25th year, presently offers 60 per cent of its products online and plans to increase it to 85 per cent in the next eight months,” he added.
At the same time, the company will open 2 more physical stores in the current fiscal and targets 100 stores over the next three to four years.
“We will continue our pace of store expansions and open 4 to 5 stores annually for the next few years. It is also plans to extend its ‘personal shopper’ facility to all its 81 stores in the next six months,” Shrikhande said.
Apparel and Textile News, Apparel Talk, Indian Apparel