NEW DELHI : Shoppers Stop is laying off 1,100 employees and will close underperforming stores as one of India’s oldest department-store chain reels from the economic impact of the coronavirus pandemic.A person familiar with the matter said on Friday that those being laid off comprise 1,000 employees across Shoppers Stop stores, while the rest are from its Mumbai head office.“Like other retailers, we will be looking at closing lower performing and unsustainable stores.
With business declining, layoffs are unfortunately inevitable," a Shoppers Stop spokesperson said in response to emailed queries.