Home / Knowledge / News / Apparel/Garments / Shoppers Stop net sales up 11.9% in 2015-16
Shoppers Stop net sales up 11.9% in 2015-16
04
May '16
Shoppers Stop store in Andheri, Mumbai. Courtesy: Shoppers Stop
Shoppers Stop store in Andheri, Mumbai. Courtesy: Shoppers Stop

Retail chain Shoppers Stop has reported an increase of 11.9 per cent in its net sales for 2015-16. The company's total sales during the fiscal stood at Rs 3,413.20 crore compared to Rs 3,049.97 crore in the previous fiscal, Shoppers Stop said in a BSE filing.

Shoppers Stop's standalone net profit for the year ended March 31, 2016, stood at Rs 25.17 crore, against Rs 40.73 crore in the corresponding period a year ago, showing a decline of 38.2 per cent.

In FY 16, Shoppers Stop took a slew of initiatives to strengthen its omni-channel strategy. The initiatives include its partnership with e-commerce technology platform Hybris from SAP, refreshed shopping website and the launch of new mobile app.

In the fourth quarter ended March 31, 2016, net profit declined by a marginal 1.16 per cent to Rs 10.17 crore.

Shoppers Stop plans to increase its store count to 102 in current fiscal. (RKS)

Fibre2Fashion News Desk – India

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

LyondellBasel expands Texas plant ethylene capacity

US based producer of petrochemicals and speciality chemicals...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Kai Poehler
Voith Paper GmbH & Co. KG

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Pranav Mishra
Huemn

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

Mike Hoffman
Gildan Activewear SRL

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

Judy Frater
Somaiya Kala Vidya

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

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