Apparel retailer Shoppers Stop Q1 FY'14 sales surge 18%

Shoppers Stop Ltd. continues to grow and expand its retail footprint. This quarter, SSL added five new Shoppers Stop stores at Chandigarh, Delhi, Kalyan, Thane and Surat; two HomeStop stores at Jaipur and Chandigarh, two M.A.C stores at Chandigarh and Thane, Three Clinique stores at Chandigarh, Thane and Ghatkopar and two Estee Lauder stores at Chennai and Gurgaon, 1 Bobbi Brown store in Delhi and three Crossword stores (Including two franchisee stores ) at Thane, Raipur and Gandhinagar.

Driving ahead its successful Loyalty programme, SSL continued to expand its membership base adding 103,036 new members to the First Citizen Loyalty Programme in Q1 FY14. The programme now has a total First Citizen base of over 29.9 lac members.

Highlights of Q1FY14

3 Clinique stores, 2 Estee lauder stores, 1 Bobbi Brown store, 3 Crossword stores and 2 HyperCITY stores

Speaking on the occasion, Mr. Govind Shrikhande – Customer Care Associate & Managing Director, Shoppers Stop Ltd., said, “The new financial year has started on a positive note for us with a doubledigit like-to-like growth of 12%. Our momentum of store expansion continues to be robust with the addition of 20 new stores across all formats this past quarter. SSL is well positioned for a steady growth trajectory and will continue to extend its retail footprint across formats with a keen focus on existing as well as Tier II cities.”

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Shoppers Stop