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Shoppers Stop sees rupee hit non-apparel sales
Retailer Shoppers Stop expects rupee depreciation to bring down sales in its non-apparel segment by 10-15 percent from February, Managing Director Govind Shrikhande said on Thursday.
Retailer Shoppers Stop expects rupee depreciation to bring down sales in its non-apparel segment by 10-15% from February, Managing Director Govind Shrikhande said on Thursday.
A weak rupee will increase the cost of imported accessories. The rupee has fallen more than 16% since his July high.
Same store sales growth is expected to fall to 6-7% in October-March due to the economic slowdown, Shrikhande said.
