Excluding the adjustments made in turnover owing to Indian Accounting Standard 115 (IND AS 115) and the changes made in GST, the revenue growth would have been 9.9 per cent. Profit Before Tax for the quarter has been recorded ₹69.2 crore.
"Shoppers Stop has continued to show strong growth in the fast changing fashion industry and is in an exciting transitional period. We have witnessed a phenomenal 8.9 per cent LTL growth in Q3FY19, highest in the last five quarters backed by an uptick across all zones and categories including apparels, personal accessories and beauty which saw a double digit growth. December saw highest ever sales in a single month since our inception. Indian wear dominated the apparels category with 21 per cent growth followed by denims which grew by 15 per cent in Q3FY19. Our private brands grew by 29 per cent for this quarter, a clear testament of the fresh assortment being appreciated by our customers. We also received positive response from customers during festive and wedding season followed by our brand campaign ‘All About Her’," Rajiv Suri, customer care associate, managing director & chief executive officer, Shoppers Stop Ltd. said.
He further added, our personal shopper service contributed 14 per cent of our sales and continues to grow with the customers average spend increasing through relevant selection and assistance. We endeavor to provide a delightful shopping experience for our customers every time they visit us, making Shoppers Stop their destination of choice.
In order to ease shopping and make Shoppers Stop’s fashion and beauty collections available to maximum number of customers through its online platforms, the company is offering Click & Collect service in over 50+ stores and serves over 25,000 pin codes in India through its omni-channel presence. The company boasts of 5.9 million First Citizen members actively engaged through its successful Loyalty programme as of Q3FY19. (RR)
Fibre2Fashion News Desk – India
| On 21st Apr 2021
Three major luxury names—LVMH, Prada and Cartier, part of...
| On 21st Apr 2021
India's Cabinet chaired by Prime Minister Narendra Modi has given its ...
Circular fashion and textile technology group Infinited Fiber Company ...
Increased need for online fitting solutions as retailers shift to...
One thing is certain, online sales will go up
Value of 'Made in India' should get more importance
With the support of the first investors - Finland's Technical Research...
Hollywood Footwear’s story began in 1946 when Jummabhai Ajani started the...
Danitech was born from the will of a group of technicians to offer the...
Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively
Functional Fabric Fair is a trade-exclusive event showcasing the latest...
Kevin Young & Tom Lucas
Web Industries is a precision formatter of nonwoven materials used in baby ...
Hula Global, a leading isolation gown manufacturer in India, has been...
Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...
Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep
Established in 2012, Sarah & Sandeep is a luxury menswear label...
Abhishek Bajaj & Samiksha Bajaj
Samshek is a fashion forward tech brand which combines digital experience...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.
Download Free Report
Rising Opportunities in Technical Textiles Market: 2020-2026
Thank you for showing interest in our free report on 'Rising Opportunities in Technical Textiles Market: 2020-2026'
You will receive an email shortly with a link to download the report and in case if you don't receive our email, you can write back to firstname.lastname@example.org.