Home / Knowledge / News / Apparel/Garments / Shoppers Stop sales jumps 23% in Q2 FY'14
Shoppers Stop sales jumps 23% in Q2 FY'14
26
Oct '13
Shoppers Stop Ltd (SSL), India’s prominent retail group (operator of large format department stores, home stores, specialty stores like Crossword, Mothercare, M.A.C, and hypermarkets) reported a gross retail turnover of Rs.820.6 crores for the quarter ended September 30th, 2013 as against Rs. 666.4 crores in Q2FY13; up 23%. Net Profit stood at Rs. Rs. 9.9 crores for the quarter ended September 30th, 2013.

With 61 stores across 30 cities in India, Shoppers Stop continues to grow and expand its retail footprint. This quarter, SSL added two new Shoppers Stop stores at Agra and Vadodara, two Clinique doors at Mumbai and Amritsar, two M.A.C doors at Bengaluru and Amritsar and one HyperCity store at Vadodara.

Driving ahead its successful Loyalty programme, SSL continued to expand its membership base adding more than 91,000 new members to the First Citizen Loyalty Programme in Q2 FY14. The programme now has a total First Citizen base of over 30.87 lacs members.

Highlights of Q2FY14

- Gross Retail Turnover touches Rs.820.6 crores; a jump of 23%
- Double-digit like-to-like growth at 15.5%
- EBIDTA at Rs.39.8 crores a growth of 37%
- Net profit stood at Rs.9.9 crores, up 55%
- More than 91,000 members added to First Citizen Loyalty Programme

Key Highlights of performance:

-Sales up by 16%
-Like to like sales growth 8.9%
-Margin growth 90 basis points

Speaking on the financial performance, Mr. Govind Shrikhande – Customer Care Associate & Managing Director, Shoppers Stop Ltd. said, “We have seen a very impressive like-to-like growth of 15.5% in Q2FY14. With the onset of the festive season, marked by Durga Puja in the East, the upbeat momentum is expected to continue into the next quarter on account of festivities of Dussehra, Diwali and Christmas. SSL continues to expand its retail footprint across all store formats adding stores in existing and newer cities like Vadodara, Agra, etc.”

During the quarter, Shoppers Stop was chosen as ‘India’s Most Respected Retail Company’ by Business World Magazine, for the 2nd time in succession. SSL was awarded the ‘Excellence in Training & Development Award 2013’ from World HRD Congress. It was also honored with the ‘Best Supply Chain Company in Retail vertical’ award at 7th Express, Logistics & Supply Chain Leadership Awards 2013. 

Shoppers Stop Ltd


Must ReadView All

Indian govt relaxes cabotage rule for cotton transport

Textiles | On 25th May 2018

Indian govt relaxes cabotage rule for cotton transport

The Government of India has relaxed cabotage rules for transportation ...

Courtesy: Teejay Lanka

Textiles | On 25th May 2018

Teejay Lanka doubles production capacity at Indian mill

Teejay Lanka, one of Sri Lanka’s largest textile manufacturers, has...

Courtesy: Messe Frankfurt/Yarn Expo Autumn edition

Textiles | On 25th May 2018

Yarn Expo Autumn 2018 scheduled earlier

Over 500 exhibitors are expected at the Yarn Expo Autumn 2018, being...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Urmil Arya

Sushila International, a well established textile organisation established ...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Eamonn Tighe
Nature Works LLC

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search