Retail chain Shoppers Stop has earned a revenue from operations of Rs 910.2 crore in the fourth quarter of fiscal 2017, recording a three per cent rise as compared to the revenue of Rs 882.4 crore in Q4 FY16. The company reported total revenue of Rs 3648 crore for the year ended FY17, a rise of nine per cent as compared to Rs 3354.8 core in FY16.
“This year has been disruptive on several fronts, as we have seen a lot of changes in global politics and domestic economic policies such as demonetisation. On the back of these headwinds, FY17 has seen a softer growth of nine per cent. We are very positive about FY18 as we have a slew of exciting actions to bring Romance back to Retail. We will also see our investments in Omni-channel, digitisation of stores and our e-commerce push bear fruit in the coming year,” Govind Shrikhande, managing director said.
Shoppers Stop currently has close to 80 stores, including six airport outlets in 38 cities.
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