Govind Shrikhande

In an interview to CNBC-TV18, Govind Shrikhande, Customer Care Associate & Managing Director, Shoppers Stop spoke about the results and his outlook for the company.

Normalcy fom March onwards;see 8% YoY growth in FY18: Shrikhande

Four months post demonetisation normalcy has not yet returned, it is still a roller coaster ride and business as usual is likely to resume by March end, says Govind Shrikhande, CEO, Shoppers' Stop.

Budget 2017 strong on macro-economic intent: Govind Shrikhande

In line with the PM‘s vision to dismantle bureaucracy, the FM‘s announcement to abolish the FIPB and further liberalize the FDI policy deserves a round of cheer! The government‘s continuous focus to bolster the digital economy is definitely applause-worthy.

Shoppers Stop Q3 down 15% at Rs 19 cr

Retail chain Shoppers Stop today reported a decline of 15.36 per cent in standalone net profit at Rs 19 crore for the third quarter ended December 2016.

Shoppers Stop eyes 2 mn online users, 15% online sales by 2020

Fashion retailer Shoppers Stop is looking at doubling its mobile application downloads to 2 million and 15 per cent sales through its digital touch points by 2020, a senior executive said.

Targeting double-digit sales growth in FY17, says Shoppers Shop

Last time when pay revisions were announced, Shoppers Stop had seen almost 20 percent jump in sales, says MD Govind Shrikhande.

Festive bonanza: Shoppers Stop sees robust H2 growth

Speaking to CNBC-TV18, Govind Shrikhande, MD, Shoppers Stop said that the company is planning to open six Shoppers Stop stores over the period of one year and two Hypercity stores every year.

Shoppers Stop Q1 loss at Rs 21 cr hurt by impairment cost

Revenue was in-line with expectations. Total income in Q1 was up 16.2 percent at Rs 711 crore against Rs 612 crore on annual basis. Analysts polled by CNBC-TV18 estimated Q1 revenue at Rs 710 crore.

Shoppers Stop targets 15% sales from digital medium by 2020

"We plan to invest approximately Rs 60 crore in our omni-channel efforts over the next three years, and target 15 percent revenues through the digital medium by 2020," Shoppers Stop Managing Director Govind Shrikhande said.

Shoppers Stop earmarks Rs 60 crore investment for tech push

In the first phase, the company will focus on its departmental store format, Shoppers Stop, and will strengthen the online presence, offering better navigation and superior assortment, by the end of December.

Targeting 8% EBITDA growth in FY16: Shoppers Stop

Summer sale season will be restricted to 30 days from this year, said Govind Shrikhande, MD, Shoppers Stop.

Shoppers Stop Q4 net up 27.03% at Rs 10.29 cr

Total income from operations in the period under review moved up to Rs 815.69 crore, an increase of 9.26 per cent from Rs 746.51 crore in the same quarter of the previous fiscal.

See EBITDA margins growing to 8% in 2 yrs: Shoppers Stop MD

Shrikhande expects a 7-8 percent (same store) growth in the department store category this year

Customers want more flexible options from retailers: Study

Retailers are trying to rapidly become 'total' retailers, integrating both their offline and online entities to ensure maximum flexibility. But CNBC-TV18 reports, this is not easy.

Interim Budget avoids populist tendency: Shoppers Stop

Overall, the interim Budget has avoided Populist tendency in order to build a strong economic direction for the future.

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.

Consumers in no mood to splurge, says Shoppers Stop MD

Retailer Shoppers Stop will reduce the store size of its Crossword bookstore chain and now focus more on stationery and toys as sale of books and music and movie cds and dvds slows. It will also review its non-profitable stores.

Shoppers Stop says HyperCity profits may get pushed to FY16

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.

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.

Budget Expectations: Shoppers Stop demands GST rollout

Given the current economic scenario, we expect strong measures & economy boosters from the Union Budget to restore confidence and spur growth says Govind Shrikhande, Customer Care Associate & MD, Shoppers Stop

Opened highest number of stores in Q3: Shoppers Stop

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.

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.

My Tokyo

Govind Shrikhande recommends a bus tour to soak in the sights and culture

Shoppers Stop eyes 20-25% sales growth for this fiscal year

Managing director of Shoppers Stop, Govind Shrikhande told CNBC-TV18 that they expect to see a 20-25% topline growth for this fiscal year. He also said that they would add between 22-30 stores in next three years' time as a part of their expansion.