HyperCity news and archive

Shoppers Stop may sell Hypercity stake

Shoppers Stop may sell 10 to 15 per cent stake in Hypercity by March 2017. It has a 51 per cent stake in Hypercity, the hypermarket format, while K Raheja Corp holds the remaining 49 per cent. Hypercity stores range from 20,000 square feet to as high as 50,000 square feet though the business has yet to turn profitable. Around Rs 150 crores to Rs...

Retail

HyperCity brings in local flavours to boost revenue

Shoppers Stop is changing the merchandise mix at its hypermarket format HyperCity by bringing in regional flavours so as to make them more appealing to buyers in different regions. Already a new management team is in place and it is expected that HyperCity would turn around this year by becoming EBITDA-positive at the company level. Earlier,...

Fashion

Hypercity launches Spring-Summer 2016 collection

Indian supermarket chain Hypercity has launched its Spring/Summer 2016 collection. The range is marked by natural sophistication. The collection includes casual styles in cool, uncomplicated silhouettes that are ideal for summer wear. The detailed finishing, bold colour palette, playfully contrasted with dazzling colours and textures are just...

People

Ramesh Menon joins as CEO HyperCity

Hypermarket retail wing of Shoppers Stop has seen some high level management changes of late. After CEO Vipin Bhandari left the company there were high-level exodus. Now, Ramesh Menon has joined HyperCity Retail (India) Ltd as the new CEO. He was formerly with Spencer Retail. HyperCity was headless for almost a quarter now. Menon will become the...

Business

Shoppers Stop, Hyper City has big expansion, integration plans

K Raheja Group run Shoppers Stop and HyperCity chain of stores will now spend Rs 500 crores in the next three years to expand operations and focus on its omni-channels. With this investment, its online business is going to get a push, increasing sales to 10 percent from a mere 1 percent at present. It may translate into Rs 750 crores being added...

Retail

Hypercity opens first store in Noida

Hypermarket chain, Hypercity Retail opened its first store in Noida and its 17th in the country. The store is located at Gardens Galleria Mall, to cater to the largest base of cosmopolitan consumers in the city. Spread over 38,000 square feet, Hypercity offers a wide range of products across categories such as grocery, fruits and vegetables,...

Retail

Hypercity focuses on enriching customer experience

K Raheja-owned Hypercity Retail that took longer time than expected to turn profitable, has been taking various initiatives to enhance customer expectations and in-store shopping experience. The company is also looking at expanding its reach by opening three to four stores every year. This year, the company’s aim is to enter the Delhi NCR...

Business

HyperCity books profit for the second consecutive quarter

K Raheja-owned HyperCity has registered an operating profit for the second consecutive quarter. The company’s corrective measures like rightsizing of stores, while reducing inventories of slow moving goods and increasing share of high margin fashion and home categories, finally resulted in reporting profits. The hypermarket format retailer, with...

Fashion

Small stores, big profits, retail’s new success mantra

Looking at the high rentals and low footprint in stores, many retailers are downsizing their shops to turn profitable. Shoppers Stop for example, reduced the size of five of its stores to more than half compared to earlier 80,000 sq. ft. It plans to downsize the rest of 14 stores too later this year. HyperCitytoo has followed this concept of...

Apparel

Mark Ashman quits Hypercity

Mark Ashman has quit as Chief Executive of Hypercity, Shoppers Stop’s hypermarket chain, after three and a half years at its helm. This comes at a time when the company has undertaken several initiatives such as reducing store size to turn around the loss-making company. Hypercity, which runs 15 stores, is looking at an Ebitda (earnings before...

Apparel

Shoppers Stop focuses on turning HyperCity profitable

For Shoppers Stop, HyperCity has been a cause for worry for some time. Despite initiating several corrective measures, the chain has failed to book profits. Now the company has decided to focus on this hyper-market format to turn it profitable on the operation level this year and at net-profit level a year later. The company would try to achieve...

Apparel

HyperCity reduces store sizes for profitability

K Raheja-owned hypermarket chain HyperCity has reduced the size of its Amritsar and Hyderabad stores as per plan. While in Amritsar, the company downsized the store by half, it let go over 30,000 square foot retail space at its Hyderabad store. The plan is to reduce around two lakh square feet across its fifteen existing stores to reduce rent...