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

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Kai Poehler
Voith Paper GmbH & Co. KG

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

Giorgio Mantovani
Corman S.p.A

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

Lynda Kelly
Suominen Corporation

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

Mike Hoffman
Gildan Activewear SRL

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

Wendell Rodricks
Wendell Rodricks

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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