Home / Knowledge / News / Apparel/Garments / Same-store sales to witness sharp fall: Shoppers Stop
Same-store sales to witness sharp fall: Shoppers Stop
Dec '11
In view of adverse conditions, retail chain Shoppers Stop has warned that the same-store sales are likely to experience a sharp fall and drop from 12 percent to six to seven percent by end of FY 2012, while the retail industry's overall growth is also likely to halve during next fiscal.

Shoppers Stop Managing Director Govind Shrikhande said that considering factors like economic slowdown, deceleration in rupee value and indecisiveness in the manufacturing sector, there could be a slump in like-to-like sales growth. He said that though sales growth for the quarter ended September 2011 was 12 percent, the overall sales growth for the fiscal year is likely to drop to around six to seven percent.

Same-store sales means the difference in earnings of existing outlets of a retail chain for a particular period, compared to their revenues earned during the previous year.

Unveiling the 49th Shoppers Stop outlet, Mr. Shrikhande said the retail sector, which was growing at a rate of 20 percent, is expected to advance at a rate of 10 percent over the next one year.

He said Shoppers Stop intends to increase its total number of outlets to 66 over the next couple of years. The company would invest around four billion rupees over the next three years in increasing its presence by opening new format stores.

Besides speciality format outlets like Home Stop and Mother Care, the company even operates Hypercity hyper market and departmental stores under the Shoppers Stop brand.

Mr. Shrikhande informed that with easing of cotton prices, the firm is expected to slash the prices of private label apparels by five percent.

He said that apparel demand is anticipated to be better in 2012 compared to 2011, as this year the sales volumes were hit by a 15 to 18 percent rise in prices.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search