Home / Knowledge / News / Apparel/Garments / Q3FY15 retail sales lift 7.23% at Shoppers Stop
Q3FY15 retail sales lift 7.23% at Shoppers Stop
31
Jan '15
Gross retail turnover at specialty stores retailer, Shoppers Stop Ltd (SSL) lifted 7.23 per cent year on year in the third fiscal quarter ended December 31, 2014.

SSL said its gross retail turnover stood at Rs. 844.77 crore for the quarter ended December 31, 2014 as against Rs. 787.49 crore in the corresponding period last year, up 7.23 per cent.

SSL which operates various formats like Shoppers Stop, Crossword, Mothercare, M.A.C, Hypermarket, etc, posted net profit at Rs. 13.77 crore for the quarter.

“With 73 stores across 34 cities in India, Shoppers Stop format continues to grow and expand its retail footprint,” the retailer added.

In the reporting quarter, SSL added one new Shoppers Stop store in Mangalore, one Bobbi Brown store in Delhi, One Mothercare SIS store in Vizag and two Crossword stores in Bengaluru and Kohima.

Driving ahead its successful Loyalty programme, SSL continued to expand its membership base adding 120,622 new members to the First Citizen Loyalty Programme in the quarter under review.

It informed that the programme now has a total First Citizen base of over 3.63 million members.

MD Govind Shrikhande said, “SSL continues its growth trajectory by adding new stores across formats.”

“We are formulating our omni-channel retailing approach over the next few months and are confident that our omni-channel efforts will help us in countering the disruption created by online players,” he added.

During the quarter, the Shoppers Stop brand was selected as a ‘Superbrand’ in India for the fourth consecutive year, and was also selected among ‘100 Most Valuable Brands’ of 2014.

As on December 31, 2014, in the fashion and home retailing format, there are currently 73 Shoppers Stop stores in 34 cities and 19 HomeStop stores in 12 cities.

In mixed retailing, SSL manages HyperCity, which has 15 stores, spread over an area of 1.21 million sq ft.
In the quarter under preview, this format posted sales growth of 6 per cent and like-to-like sales per sq ft. growth of 19.7 per cent.

In specialty retailing, Mothercare currently operates 43 stores including 3 standalone stores. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Marcel Alberts
Eurofibers

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Rupa Sood and Sharan Apparao
Nayaab

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

Tony Ward
Tony Ward

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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
76.8%
No
13.0%
Skip
10.1%

Total Votes: 69

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
62.3%
No
27.5%
Skip
10.1%

Total Votes: 69

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
85.5%
No
10.1%
Skip
4.3%

Total Votes: 69

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
75.4%
No
11.6%
Skip
13.0%

Total Votes: 69


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