Shoppers Stop shuts 4 unprofitable stores

Raheja-owned departmental store chain Shoppers Stop on Friday said it has shut three of its unprofitable book stores 'Crossword' and airport store 'Stop & Go' in the country.

"They were not profitable. We open new stores without much information and when we close them, we have complete knowledge about them,'' said Shoppers Stop MD B S Nagesh.

He did not specify how many stores the company has closed in the last one year. The closed Crossword stores were at Mumbai airport and shop-in-shops at Shoppers Stop stores in Chennai and New Delhi. Stop & Go was at Mumbai airport.