Driving India’s Leading Department Store Shoppers StopGovind Shrikhande has led Shoppers Stop for the last ten years as president and ceo and takes a look at some of the factors facing the $700 billion Indian retail market.

[Collection]As chief executive officer and president of Shoppers Stop, the country’s leading department store chain, Govind Shrikhande has been part of the careening growth of India’s retail market over the last 17 years. He has left the retailer after a significant nine months: Amazon India invested in Shoppers Stop last November, three key investments were sold and the company is on the path to become debt free by the end of this financial year in March 2019. Shoppers Stop reported a net profit of 97.70 million rupees, or $1.42 million at current exchange for the quarter ended June 30, versus a net loss of 37.10 million rupees, or $530,000, in the corresponding quarter a year ago.­­­ Here, Shrikhande looks back at the market’s development during his tenure at Shoppers Stop, and what were some of the key learnings he gleaned along the way. WWD: You have been leading the growth in Shoppers Stop for more than a decade. Why leave now? Govind Shrikhande: I will be 58 in September. That is the retirement age in Shoppers Stop, and I thought that rather than wait until September, I would leave on a high, take a break, and then start looking at new things. It’s been

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