Home / Knowledge / News / Apparel/Garments / Shoppers Stop's Q1FY17 net loss falls sharply
Shoppers Stop's Q1FY17 net loss falls sharply
03
Aug '16
Courtesy: Shopper Stop
Courtesy: Shopper Stop
Multi format retailer and K Raheja promoted Shoppers Stop's standalone net loss fell sharply by 37.33 per cent from a fiscal ago period in the three months ended June 30, 2016.

In a BSE filing, the company said its standalone net loss for the first quarter of fiscal 2016-17 dipped to Rs 13.56 crore as against Rs 21.64 crore for the same period of the previous fiscal.

For the reporting quarter, income from operations grew 10.64 per cent to Rs 772.18 crore compared to 697.89 crore of the prior fiscal's first quarter.

However, on account of new stores and acceleration of depreciation in respect of certain stores, depreciation expanded 87 per cent year on year for the quarter under review.

Shoppers Stop managing director Govind Shrikhande said, “We have seen good progress on two fronts. A growth of more than 25 per cent in our online business and share of private and exclusive brand going up 60 bps.”

Apart from Shoppers Stop, the company operates other formats like Hypercity, Crossword, Mothercare, Estee Lauder, Clinique, Bobbi Brown and M.A.C. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Feb 2017

Surat to get a mega textile park, centre of excellence

The textiles ministry is positively working on the proposals for a...

Apparel/Garments | On 27th Feb 2017

Myanmar sets up new committee to revise minimum wage

The Government of Myanmar has set up a new committee, replacing an...

Courtesy: Invista

Textiles | On 27th Feb 2017

Invista explores alternatives for apparel & textile trade

Invista, one of the world's largest integrated producers of chemical...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Kerem Durdag
Biovation II LLC

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mike Hoffman
Gildan Activewear SRL

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
February 2017

February 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