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Shoppers Stop closes HomeStop store at Manjeera Trinity Mall in Hyderabad

Capital Market 

Due to low business and profitability

Shoppers Stop has closed its HomeStop store at Manjeera Trinity Mall - Hyderabad, due to lower than expected business and its low profitability.

The sale from this store for the last financial year was Rs. 2.39 crore lacs, which is 0.6% of the turnover of the Company.

With the closure of this store, the Company has now 17 "HomeStop" stores under its operations.

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First Published: Tue, May 03 2016. 21:08 IST