Business Standard

Pantaloon same-store sales in lifestyle segment up 11%

Related News

has returned to a double-digit in same-store sales (SSS) in the segment. The country’s largest retailer, which saw either a decline or a single-digit growth rate at best in SSS since November 2008, posted an increase of 11 per cent for the December quarter, aided by higher consumer spending in the category.

A common metric in the retail industry, SSS compares sales of stores that have been in the business for a year or more. This measure allows investors to determine what portion of new sales has come from sales growth and what portion from opening new stores.

Lifestyle retailers like Shoppers Stop, and Lifestyle were hit hard during the slowdown as shoppers curbed spending on such lifestyle items as apparels, consumer durables and so on.

“Customer sentiment was superior in the last quarter and we saw a lot of action in this category. We hope the momentum will continue in the coming quarters,” Pantaloon Retail Director said.

In terms of retail sales mix also, the share of the lifestyle segment went up from 27 per cent in the second quarter of 2008-09 to 29 per cent in 2009-2010 (Pantaloon follows a July-to-June financial year). The company posted a 51 per cent jump in its net profit at Rs 50.67 crore and a 25 per cent jump in net sales at Rs 1,912.84 crore for the second quarter ended December 31, 2009.

Analysts attributed the spurt in sales in the lifestyle segment to promotional activities of retailers and a pent-up demand. “Consumers were very careful and postponed purchases of lifestyle products. Now, with the overall improvement in economy, they are once again comfortable spending on these goods,” Boston Consulting Group Partner said.

Pantaloon’s gross operating margins also went up 10.7 per cent in the second quarter of 2009-10, compared with the same period of the previous financial year.

Read more on:   
|
|
|
|
|
|
|
|
|

Read More

Kingfisher's Q3 loss at Rs 755 crore as planes sit idle

Loss would have been Rs 1,090 cr had the airline used accepted accounting standards, says auditor

Quick Links

Results Calendar
Rss icon August 2014 Rss icon
Sun Mon Tue Wed Thu Fri Sat
12
3456789
10111213141516
17181920212223
24252627282930
31
Results Tracker
Available for 906 companies
Quarter Jun 2014 Jun 2013 % chg
Sales 687,682.78 598,532.11 14.89
Op. Profit 244,021.69 208,416.05 17.08
Net Profit 69,635.95 58,194.72 19.66
Figures in Rs crore
Advertisement

Back to Top