Shoppers Stop

Shoppers Stop's net profit rose to Rs 620.6 million ($7.63 million) for the quarter ended Dec. 31

Aditya Birla Fashion and Retail, Trent, Shoppers Stop, Arvind Lifestyle, and TCNS Clothing Company saw their revenues hitting an all-time high in the September quarter

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Shoppers Stop reported a 60% jump in its second-quarter revenue on rebounding demand for clothes and shoes even as its move to spend heavily on fresh stock ahead of the festive season pressured profit

Amid the recent market fall,11 stocks hit record highs. Whenever any stock exhibits reluctantance to weaken despite a pessimistic bias, it means the underlying trend possesses a robust momentum.

Returning mobility and higher ticket purchases led by the pent-up demand will likely drive retail spending over the coming months, the company said

The company had posted a net loss of Rs 104.89 crore in the April-June quarter a year ago, said Shoppers Stop in a regulatory filing.

Analysts believe that the Indian retail sector is on the 'cusp of accelerated earnings growth' as consumer sentiment, and discretionary purchases bounce back from Covid-19 pandemic

Retail chain Shoppers Stop Ltd has plans to launch 12 new stores in FY23, primarily in tier-2 and tier-3 cities, and will continue to invest in store renovations. Shoppers Stop plans to increase the share of new and refurbished stores to over 50 per cent in FY23, said the latest annual report of the company. The company will also continue to invest in its private labels, including celebrity endorsements. Shoppers Stop is investing in the new-age technology and is backing its data analytics project Jarvis to maximise its understanding of customer behaviour and preferences. "Project Jarvis, a massive data lake and analytics project, will significantly improve our overall analytical capabilities, enabling us to get 'closer' to our customers through the use of a propensity model and better mining of behavioural data and preferences," the report said. This can then be translated into much more effective marketing and product recommendations, leading to greater customer accretion and ..

Shoppers Stop is expected to rise 15 per cent, while Avenue Supermarts, may decline on breakdown of support.

On Monday, March 21, 2022, four promoter group companies had collectively purchased 74,000 equity shares worth Rs 3 crore of the company from open market

In a Q&A, Venu Nair, talks about the company's strategy to expand in tier-1 and tier-2 cities

Encouraged by the strong rebound, the company expects an accelerated growth trajectory now, driven by a robust recovery from the lockdown blues.

Shares of Shoppers Stop defied the broader market trend and settled for the day nearly five per cent higher on Friday after the retail chain posted strong earnings for the December 2021 quarter.

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Retail chain Shoppers Stop Ltd on Thursday reported a consolidated net profit of Rs 77.32 crore for the third quarter ended December 2021. The company had posted a net loss of Rs 25.11 crore in the October-December quarter a year ago, said Shoppers Stop in a regulatory filing. Its revenue from operations was up 33.82 per cent at Rs 958.11 crore during the period under review as against Rs 715.97 crore in the corresponding quarter of the previous fiscal. According to the company, it has returned to "profitability with a zero net debt. Shoppers Stop total expenses were at Rs 905.14 crore, up 16.23 per cent in Q3/FY 2021-22, as against Rs 778.78 crore. Shoppers Stop MD & CEO Venu Nair said: "We are witnessing positive signs from a strategy that we initiated in the last 2 years. As the fashion and beauty retail is seeing encouraging early trends from the Wardrobe Reboot, we are rightly poised to capture the pent-up demand." Customer sentiments are extremely positive owing to the ...

The company said it witnessed a strong recovery in demand after the second wave across the formats, with sales moving swiftly close to pre-pandemic levels in August and September

Retail chain Shoppers Stop Ltd on Wednesday reported narrowing of its consolidated net loss to Rs 3.68 crore for the September quarter, helped by a comeback in sales. The company had posted a net loss of Rs 97.70 crore in the July-September period a year ago, Shoppers Stop said in a regulatory filing. Revenue from operations rose over two-fold to Rs 642.07 crore from Rs 296.98 crore in the corresponding quarter of the previous fiscal. Total expenses were at Rs 714.25 crore, up 45.06 per cent from Rs 492.36 crore earlier. Shoppers Stop MD & CEO Venu Nair said, "The demand postponement triggered by the second wave of the pandemic witnessed a strong comeback in Q2." "While July was muted with multiple lockdowns and Maharashtra completely closed, August and September witnessed a sharp recovery. Our sales more than doubled and EBITDA quadrupled against last year," he noted. Moreover, the festive sales have been extremely reassuring, he said, adding sales recovered more than 100 per ..

Shoppers Stop has collaborated with global IT and professional services company Accenture to accelerate its digital commerce transformation across retail channels, a joint statement said on Tuesday.

Shoppers Stop shall divest 51 percent stake (expected to be completed within 15 days) and another 39 percent in the next 12 months