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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.

    December 22, 2011 / 17:40 IST

    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.

    first published: Dec 22, 2011 05:16 pm

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