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

Union Minister for finance Arun Jaitley chairing the 25th GST Council meeting, flanked by minister of state for finance Shiv Pratap Shukla (right) and finance secretary Dr Hasmukh Adhia. Courtesy: PIB

Textiles | On 20th Jan 2018

GST rate on velvet fabric reduced to 5%

The 25th Goods and Services Tax (GST) Council meeting, held under the ...

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

Textiles | On 20th Jan 2018

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

The revenue from the petrochemicals segment at Reliance Industries...

Courtesy: Cotton USA

Textiles | On 20th Jan 2018

US cotton bodies pledge to support CCI activities

Ten US cotton organisations have pledged industry contributions in...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Rikesh Mistry

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

January 2018

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
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

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
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

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
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

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
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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