Organised retailers like Shoppers Stop and Walmart have drawn up huge investment plans to expand their physical and online presence as the industry faces dwindling sales and profits. While Shoppers Stop is planning to invest Rs 140 crore for expansion of its stores and online sale infrastructure within next one year, Walmart is seriously looking at opening 50 stores over next five years. Shoppers Stop has 73 stores now and the company is planning to open six Shoppers Stop stores, three HyperCity stores and five speciality stores during the next 12 months. Huge expansion plans of the two retail giants will pitch a fresh business opportunity for the signage companies dealing in in-shop displays, designs and related tasks.
Shoppers Stop, Walmart to expand stores
