Shoppers Stop Ltd (SSL) has recently reported a gross retail turnover of Rs. 942.76 crore for the quarter ended September 30 as against Rs. 804.90 crore in the corresponding period last year, up by 17 per cent. Net Profit for the quarter stood at Rs. 15.90 crore compared to Rs 9.91 crore a year, up by 60 per cent.
With 72 stores across 33 cities in the country, Shoppers Stop continues to grow and expand its retail footprint in other cities too. This quarter, SSL added three new stores in Ahmedabad, Pune and Visakhapatnam, ten Crossword stores in Bilaspur, Surat, Udaipur, Bengaluru, Ranchi, Goa, Hyderabad, Pune and Mumbai and one Homestop store in Pune
Driving ahead its successful Loyalty programme, SSL continued to expand its membership base by adding 1, 07,931 new members to the First Citizen Loyalty Programme in Q2FY15. The programme now has a total First Citizen base of over 35.14 lakh members.
About the financial performance, Mr. Govind Shrikhande, customer care associate & managing director, Shoppers Stop Ltd. said, “The first half of the fiscal has been in line with our expectations, buoyed by a revival in overall economic sentiment. We have registered a strong like-to-like growth of 11 per cent in Q2FY15 owing to the End of Season Sale and the festive season.”
During the quarter, Shoppers Stop was awarded the ‘Best Employer Brand’ at the 5th Asia Best Employer Brand Awards ceremony held at Singapore. It was also honoured with the ‘Best Supply Chain Company in Retail vertical’ at the 8th Express Logistics & Supply Chain Conclave.