Hypercity

The underlying theme of this development underscores the importance of having the right blend of brick-and-mortar and online presence in a business where margins, more often than not, can be very thin.

Shoppers Stop transfers holding in Hypercity to Future Retail

On November 14, the shareholders of K Raheja Corp Group firm Shoppers Stop had approved sale of Hypercity to Future Retail.

Future Retail set to acquire supermarket chain HyperCity: Sources

Shoppers Stop is buzzing in trade today. CNBC-TV18 learns that Future Retail set to acquire supermarket chain, HyperCity today. The deal likely to be valued around Rs 600-700 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.

E-tail, Navratri shifting to Q2 hit sales: Shoppers Stop

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.

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 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 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.

India retail sector to grow at 12% CAGR next 5 yrs: CLSA

Investment bank CLSA expects the retail sector in India will grow at a compounded annual rate of 12% over the next five years, with hypermarkets and fast food outlets growing faster than the overall market.

Hypercity aims to breakeven in FY15 with high margin biz

Business may not have been hyper so far for Hypercity, the Shoppers Stop-owned hypermarket chain. The company has now adopted a multi-pronged strategy to ensure it breaks even in 2015 reports CNBC-TV18's Farah Bookwala.

HyperCity sees slowdown in electronics, furniture sales

Shoppers Stop owned hypermarket operator HyperCity says there is some slowdown in sales in segments like electronic goods and furniture this year as consumers cut back on discretionary spends amid the overall economic slowdown.

HyperCITY Deploys Oracle Retail Solutions To Enhance Customer Experience

Oracle Retail to help improve promotions, loyalty and compliance initiatives

Hypercity to be cautious on store expansion plans

Hypercity, the hypermarket arm of retailer Shoppers Stop, is scaling down its store rollouts and tweaking the product mix to include high-margin goods in an effort to achieve break even faster.

Shoppers Stop targets HyperCity breakeven in 2 yrs

Department store operator Shoppers Stop now expects its food and grocery chain HyperCity will break-even at the EBTIDA (earnings before interest, taxes, depreciation and amortization) level in two years and likely post net profit a year after that.

Budget Expectations: Exempt service tax on immovable property rentals: Hypercity

Retailers should be exempted from service tax on renting of immovable property, says Mark Ashman, CEO of HyperCITY

Shoppers Stop sees high-single digit sales growth in FY12

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.

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.

Inside Companies: Shoppers Stop to double sales in 4yrs

Shoppers Stop, among the oldest organised retailers in India, has embarked on an aggressive growth path amid a growing competition from Indian as well multinational firms.

Shoppers Stop swings to Q1 consol loss as expenses surge

Department store operator Shoppers Stop swung to a consolidated net loss of Rs 1.52 crore in the first quarter, compared with a net profit of Rs 9.29 crore in the year ago quarter due to a sharp rise in total expenses.

HyperCity margin pressure will get contained: Shoppers Stop

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.

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.