Home / Knowledge / News / Apparel/Garments / Shoppers Stop Q3 FY'14 gross retail sales jumps 16%
Shoppers Stop Q3 FY'14 gross retail sales jumps 16%
31
Jan '14
Shoppers Stop Ltd, 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.787.5 crores for the quarter ended December 31st, 2013 as against Rs.677.7 crores in the corresponding period last year; up 16%. Net Profit stood at Rs. 17.3 crore for the quarter ended December 31st, 2013. 
 
Highlights of Q3FY14 
-Gross Retail Turnover touches Rs.787.5 crores; a jump of 16% over Q3FY13 
-Like-to-like growth at 5.5% 
-EBIDTA at Rs.52.6 crores a growth of 16% over Q3FY13 
-1,23,834 members added to First Citizen Loyalty Programme 
-Crossed 5.1 million fans on Facebook 
-Total stores added in the quarter: 4 Shoppers Stop stores, 1 HyperCity store, 3 HomeStop stores, 2 Clinique doors, 2 M.A.C doors, and 3 Crossword stores. 
 
With 65 stores across 32 cities in India, Shoppers Stop continues to grow and expand its retail footprint. This quarter, SSL added 4 new Shoppers Stop stores in Raipur, Hyderabad, Chennai and Jaipur international airport, 1 HyperCity store in Hyderabad, 2 M.A.C doors in Surat and Kolkata, 2 Clinique doors in Surat and Kolkata, 3 HomeStop stores, 2 in Bengaluru and one in Hyderabad and 3 Crossword stores in Jaipur, Pune and Cochin. 
 
Driving ahead its successful Loyalty programme, SSL continued to expand its membership base adding more than 1,23,834 new members to the First Citizen Loyalty Programme in Q3 FY14. The programme now has a total First Citizen base of over 32.12 lac members. 
 
Speaking on the financial performance, Mr. Govind Shrikhande – Customer Care Associate & Managing Director, Shoppers Stop Ltd. said, “Q3 is the peak festive shopping quarter for retailers with the festive season starting in October and continuing all the way till Christmas & New Year celebrations in December. We have witnessed a healthy Sales and EBIDTA growth of 16% during this quarter. Our focus remains on expansion in the department store category and achieving profitability in HyperCity. We are also looking at higher visibility from our Social Media initiatives. Our Facebook Fan club has crossed over 5.1 million fans and our loyalty franchise ‘First Citizen Programme’ continues to grow its member base while contributing significantly to the top-line.” 

Must ReadView All

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Apparel/Garments | On 16th Jan 2017

EC proposes enhanced market access for Sri Lanka

The European Commission (EC) has proposed that a significant part of...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Marcel Alberts
Eurofibers

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

Rupa Sood and Sharan Apparao
Nayaab

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

Wendell Rodricks
Wendell Rodricks

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

Silvia Venturini Fendi
Fendi s.r.l

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

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search