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Shoppers Stop closes 'HomeStop' store in Vashi, Navi Mumbai

Capital Market 

Shoppers Stop announced the closure of its HomeStop store located at Vashi, Navi Mumbai due to lower than expected business and its low profitability.

The sales from this store for the last financial year 2018-19 was Rs.8.9 crore constituting 0.2% of the turnover of the Company as on 31 March 2019.

With the closure of this store, the Company has now 11 'HomeStop' stores under its operations.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, December 02 2019. 11:43 IST