The Retail Leadership Summit is underway in Mumbai and from the sidelines Priya Sheth caught up with the MD of Shoppers Stop, Govind Shrikhande and asked him about his outlook for FY19.
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The Retail Leadership Summit is underway in Mumbai and from the sidelines Priya Sheth caught up with the MD of Shoppers Stop, Govind Shrikhande and asked him about his outlook for FY19.
Shrikhande said that we will launch 5 new stores in department store format and a dozen stores in beauty format in FY19.
He believe that FY19 could bring back growth in retail.
Talking about numbers, he said we target 10-11 percent revenue growth in the near future.
Private labels to soon contribute 15 percent revenue from 9 percent currently, he added.
Watch accompanying video for more details.
