Shoppers Stop appoints Ravi Suri as its new MD

Shoppers Stop, the fashion retailer in India has selected Rajiv Suri as its managing director (MD) and chief executive officer (CEO) with immediate effect. The retailer announced resignation of its MD Govind Shrikhande and said that Suri has been elevated from his current CEO position to MD & CEO to lead the next phase of […]

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June 14, 2018
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Apparel and Textile News Retail News

12% sales growth targeted by Shoppers Stop

Popular retailer Shoppers Stop Ltd. is looking at 12 per cent sales growth in 2017-18 and focusing on improving the profitability, company sources said. “For the entire year, we are looking at 12 per cent overall sales growth and the profitability growth should be double of the sales growth bottomline of which should be 25 […]

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August 23, 2017
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Apparel and Textile News Retail News

Rs 910.2 Crore Revenue By Shoppers Stop In Q417

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 […]

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May 9, 2017
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Shoppers Stop in Contactless Payments

Retail giant, Shoppers Stop has partnered with ‘ToneTag’, a proximity communications firm, to integrate and deploy ToneTag sound-based contactless payments at its stores. This technology will use sound-waves from mobile phones to enable customers to make ‘cardless’, ‘cashless’ and ‘contactless’ payments at all 84 Shoppers Stop stores spread across the country. “Our collaboration with ToneTag […]

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March 29, 2017
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Apparel and Textile News Retail News

Shoppers Stop Aims 15% Online Sales by 2020

Fashion retailer Shoppers Stop is looking at doubling its mobile application downloads to two million and 15 per cent sales through its digital touch points by 2020. “We are following a four-pronged strategy to grow our business by enhancing the customer experience, offering a wider assortment, leveraging technology and focusing on innovation to meet our […]

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November 14, 2016
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Shoppers Stop’s Net Loss Falls Sharply

Multi format retailer Shoppers Stop’s standalone net loss fell sharply by 37.33 per cent from a fiscal ago period in the three months ended June 30, 2016. In a BSE filing, the company said its standalone net loss for the first quarter of fiscal 2016-17 dipped to Rs 13.56 crore as against Rs 21.64 crore […]

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August 3, 2016
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Shoppers Stop Narrows Loss To Rs 13.6 Cr

Shoppers Stop narrowed net loss to Rs 13.6 crore in its first quarter despite a nine per cent rise in retail sales at Rs 821 crore. It had posted loss of Rs 21.6 crore a year ago. The country’s largest lifestyle retail chain’s same-store sales, or sales excluding newly opened stores, increased 5.5 per cent […]

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July 29, 2016
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Apparel and Textile News

Shoppers Stop Revenue Grows 17.1%

Revenue for the three months to December 31, 2015 at Shoppers Stop Ltd (SSL) grew 17.19 per cent to Rs 990.1 crore as against Rs 844.8 crore in the corresponding period last fiscal. In the reporting quarter, SSL added two stores in Jaipur and New Delhi, one Hypercity store in Noida, one MAC store at […]

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February 2, 2016
2 Comments
102 Views

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Tag: Govind Shrikhande

Shoppers Stop appoints Ravi Suri as its new MD

12% sales growth targeted by Shoppers Stop

Rs 910.2 Crore Revenue By Shoppers Stop In Q417

Shoppers Stop in Contactless Payments

Shoppers Stop Aims 15% Online Sales by 2020

Shoppers Stop’s Net Loss Falls Sharply

Shoppers Stop Narrows Loss To Rs 13.6 Cr

Shoppers Stop Revenue Grows 17.1%