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Shoppers Stop closed a HyperCity store in Ludhiana in Q1 and is rightsizing stores in Hyderabad and Vashi. HyperCity will stop selling consumer durables and IT products over the next 12-15 months and that will free up 15,000-20,000 sq. feet of space at each outlet.
Shoppers Stop expects same-store sales at its department store chain to grow 7-8 percent in the fourth quarter, with the overall standalone revenue growth of around 17 percent year-on-year for the current financial year, Govind Shrikhande, MD, told moneycontrol.com on Wednesday.
Motilal Oswal has come with its December quarterly earning estimates for retail sector. According to the research firm, retail universe is expected to post 17.3% YoY growth in sales, while EBITDA is likely to increase by 23.7% YoY. PAT is estimated to grow 22.3% led by strong performance of Titan and Jubilant Foodworks.
Shoppers Stop is set to declare its results for the quarter ended June 2012 on Tuesday. Analysts on an average expect the the company to report a profit after tax of Rs 7 crore during the quarter as against net loss of Rs 1.5 crore in a year ago period.
Motilal Oswal has come out with its earnings forecast report on retail sector for the quarter ended June 30, 2012 (first quarter of FY13).
Prabhudas Lilladher has come out with its earnings forecast report on retail sector for the quarter ended June 30, 2012.
Shoppers Stop has declared its third quarter results. In an interview to CNBC-TV18, Govind Shrikhande, managing director of Shoppers Stop says, the company has had highest number of store openings in this quarter.
Motilal Oswal has come with its December quarterly earning estimates for Retail sector. According to the research firm, for Q3FY12, Retail Universe is expected to post 22% growth in sales and EBITDA is likely to grow 17.7%, with EBITDA margin declining 40bp.
Department store operator Shoppers Stop is expecting a sparkling Diwali and sees like-to-like sales growth in high single digits this fiscal, helped by pickup in volumes.
Govind Shrikhande, managing director of Shoppers Stop joins CNBC-TV18 to take us beyond the Q2 numbers and highlight the way forward for his company.
Price hikes to negate higher raw material prices and excise duty on apparels is likely to boost revenues of retailers for April-June. Further, a consumer shift to low price private label products—known as down-trading—because of inflation, will benefit companies like Pantaloon Retail.
Govind Shrikhande, MD, Shoppers Stop, in an interview on CNBC-TV18, talks about his company’s Q4 results and how he sees the company performing in the coming year.
Angel Broking has come out with its earning estimates on retail sector for the quarter ended March 2011. According to the research firm, Shoppers Stop March quarter net sales are expected to go up by 70% at Rs 748 crore, year-on-year, (YoY) basis.
Chandrashekar Navalkar, CFO of Shoppers Stop, in an interview on CNBC-TV18 says the retail chain has seen same store sales growth at 22% in the third quarter.
Angel Broking has come out with its earning estimates on retail sector for the quarter ended December 2010. According to the research firm, Shoppers Stop December quarter sales are expected to go up by 70% to Rs 745 crore, Year-on-Year, (Y-o-Y) basis.