Department Store

The mega advertising blitz and discount sales led by online retailers coupled with the shifting of Durga pooja [which normally takes place in the third quarter] to the second impacted department store sales for Shoppers Stop, MD Govind Shrikhande told CNBC-TV18‘s Latha Venkatesh and Reema Tendulkar in an interview.

HyperCity to stop consumer durables sales, resize stores

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 Q1 standalone net trebles to Rs 1.64cr

Shoppers Stop opened 20 outlets in April-June and is well positioned for a steady growth trajectory, said, Govind Shrikhande, MD.

Shoppers Stop Q4 standalone net up 10% at Rs 15.2cr

Department store operator Shoppers Stop's fourth quarter standalone net profit rose 10 percent year-on-year to Rs 15.2 crore.

Shoppers Stop Q3 net profit down 10.5% at Rs 17 cr

Department store operator Shoppers Stop's third quarter net profit declined 10.5 percent year-on-year to Rs 17 crore on the back of rising expenses and higher finance costs and tax expenses.

V-Mart Retail to double presence with IPO proceeds

New Delhi-based departmental store operator V-Mart Retail plans to double its number of outlets with the help of funds raised from its initial public offering, a top company official said on Monday.

Shoppers Stop posts Rs 5.6 cr cons loss in Q2

Department store operator Shoppers Stop reported a consolidated loss of rs 5.6 crore in the second quarter, compared with a profit of Rs 10.23 crore in the year ago quarter, due to a rise in operating expenses and finance costs.

Store expansions mark good times this year: Shoppers Stop

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.

Shoppers Stop on track to open 24 department stores in 3yrs

Shoppers' Stop is all geared to launch at least another 10 outlets this fiscal and another eight in the next. Speaking exclusively to CNBC-TV18, Govind Shrikhande, managing director of the retail brand says that same store revenue per square feet for Shoppers' Stop has grown 7% in the first quarter

Dept store margins to go up in future qtrs: Shoppers Stop

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.