Shoppers Stop continues its steady growth trajectory Q-O-Q

30 Jul '11

3 min read

Shoppers Stop Ltd (SSL), India's prominent retail group (operator of large format department stores, home stores, specialty stores like Crossword, Mothercare, MAC, and hypermarkets) reported a gross retail turnover of Rs.439.2 crores for the quarter ended June 30, 2011 as against Rs.382.4 crores in Q1FY11; registering an increase of of 15%.

Net Profit grew to Rs.11.7 crores as against Rs.10.0 crores, reporting a 17% rise over the corresponding period, last year.

This quarter SSL added three new Shoppers Stop stores at Chennai, Indore & Pune. One Homestop store was launched in Lucknow and three new M.A.C stores were opened in Delhi & Ludhiana region. Hypercity added one store Bengaluru.In addition to this the group launched three Crossword stores across Indian cities taking the total to 76 stores.

The company added 1.17 new members to the First Citizen Loyalty Programme increasing its base to 21.35 lakh members. This quarter the members contributed 72% to Shoppers's revenue.

Speaking on the occasion, Mr. Govind Shrikhande – Customer Care Associate & Managing Director of Shoppers Stop Ltd said, “Shoppers Stop Limited continues its steady growth trajectory quarter on quarter. Our momentum in adding stores is gaining traction and our robust expansion plan is on track. The loyalty franchise, First Citizen programme, continues to grow its member base and is significantly contributing to the sales figure.”

Shoppers Stop and its retail invested companies operate the following number of stores/doors as on June 30, 2011: -

Fashion & Home Retailing:
Shoppers Stop – Currently has 41 stores with a presence in 19 cities

HomeStop Stores (Home Décor) – Currently has 5 stores with a presence in 4 cities

Specialty Retailing:
Mothercare (Maternity, Infant Care) – The exclusive franchise agreement for departmental stores with Mothercare Plc UK. Currently there are 32 stores of Mothercare (including 7 standalone stores) with a presence in 11 cities

Crossword (Book stores) – Currently it has 76 stores

M.A.C (Cosmetics) – The retail agreement with Estee Lauder to open M.A.C stores. Currently has 20 stores with a presence in Mumbai, Bengaluru, Delhi, Amritsar, Chennai, Hyderabad, Pune, Kolkata and Ludhiana

Clinique (Cosmetics) – Currently has 10 stores ( including 2 standalone) in Mumbai, Bengaluru, Delhi, Kolkata and Hyderabad

Estee Lauder - Currently has 5 stores (including 2 shop-in-shops), one each in Bengaluru, Mumbai and Delhi

Mixed Retailing:
HyperCity – Currently has 10 stores, one store each in Amritsar, Bhopal, Jaipur, Navi Mumbai and Hyderabad and 2 stores each in Mumbai and Bengaluru, spread over an area of 10.7 lakh sq ft.

Other Initiatives:
Airport Retailing – Currently has 1 store in Hyderabad domestic airport and 2 stores in Bengaluru domestic airport. 4 duty free stores are run by the JV Company in the international airport at Bengaluru

TimeZone Entertainment – Currently has 14 doors.

Shoppers Stop Ltd (SSL)

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