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

GMAC urges Cambodia to push fabric-forward rule in RCEP

Apparel/Garments | On 17th Oct 2017

GMAC urges Cambodia to push fabric-forward rule in RCEP

Representatives from the Garment Manufacturers Association of...

Alibaba to invest $15 billion in DAMO Academy for research

Textiles | On 17th Oct 2017

Alibaba to invest $15 billion in DAMO Academy for research

Alibaba will invest $15 billion over the next several years in its...

Pressure on  Indian textiles exporters to ease by Q3: ICRA

Textiles | On 17th Oct 2017

Pressure on Indian textiles exporters to ease by Q3: ICRA

Pressures on the profit and debt levels of textiles exporters is...

Interviews View All

Sonia Agarwal
Whitenife

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

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Abhishek Pachauri

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

October 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
76.9%
No
13.8%
Skip
9.2%

Total Votes: 65

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.5%
No
27.7%
Skip
10.8%

Total Votes: 65

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
84.6%
No
10.8%
Skip
4.6%

Total Votes: 65

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
73.8%
No
12.3%
Skip
13.8%

Total Votes: 65


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