Shopper’s Stop’s Govind Shrikhande talks of sailing through the hard times and making the retailer a recession proof model
Till 2006 our focus was mainly on department stores, although we also had Crossword since 2000. Post 2006, we started Hypercity, Homestop, Arcelia, Argos. We got into food and beverage, and airport retailing. Then for many reasons like the meltdown, H1N1, etc that happened almost simultaneously, we had a loss in 2008-2009. Today we are coming out of that problem.
(This story appears in the 22 January, 2010 issue of Forbes India. To visit our Archives, click here.)