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Retail Chains

Analysts cut targets for Trent amid slowing growth, weak consumer sentiment

While Trent reported strong profit and revenue growth, several brokerages have slashed their target prices, citing slowing growth momentum and weak consumer sentiment

Analysts cut targets for Trent amid slowing growth, weak consumer sentiment
Updated On : 07 Feb 2025 | 9:23 AM IST

India's tech funding grows 6%, number of deals falls 31.5% to 1,448 in 2024

Quick commerce platform Zepto led major funding rounds this year, raising a total of $1.35 billion

India's tech funding grows 6%, number of deals falls 31.5% to 1,448 in 2024
Updated On : 19 Dec 2024 | 11:48 PM IST

V-Mart faces tough road ahead despite promising June quarter: Nuvama

The retail chain operator faces several hurdles, including evolving customer preferences, disruptions in transport logistics, and intensifying competition, analysts at domestic brokerage Nuvama said.

V-Mart faces tough road ahead despite promising June quarter: Nuvama
Updated On : 07 Aug 2024 | 8:40 AM IST

Shoppers Stop Q3 profit down 41% to Rs 37 cr, revenue up 8.8% to 1,237 cr

Retail chain Shoppers Stop on Thursday reported a decline of 41.26 per cent in consolidated net profit at Rs 36.85 crore in the third quarter ended December 2023. The company had posted a net profit of Rs 62.74 crore in the October-December period a year ago, according to a regulatory filing from Shoppers Stop. However, its revenue from operations was up 8.83 per cent to Rs 1,237.52 crore during the quarter under review. It was Rs 1,137.07 crore a year ago. Its total expenses in the December quarter were up 10.62 per cent to Rs 1,189.96 crore. Total revenue at Shoppers Stop, which includes other income, was at Rs 1,240.88 crore, up 6.83 per cent. During the quarter, it added 13 stores which include four department stores, four beauty, four Intune and one airport store. "With considerable slowdown on discretionary spending, we have demonstrated notable resilience in these tough conditions. Our company has delivered admirable financial results with a sales growth of 7 per cent desp

Shoppers Stop Q3 profit down 41% to Rs 37 cr, revenue up 8.8% to 1,237 cr
Updated On : 18 Jan 2024 | 7:36 PM IST

Moth to a flame: Why are retail traders inexorably drawn to derivatives?

Why do sensible traders use these? Some hedge using F&O. Others play news-based events

Moth to a flame: Why are retail traders inexorably drawn to derivatives?
Updated On : 05 Dec 2023 | 10:33 PM IST

Philippines raises $1.3 billion from sale of retail dollar bonds

The government sold its maiden retail dollar bonds in October 2021, when it raised $1.6 billion

Philippines raises $1.3 billion from sale of retail dollar bonds
Updated On : 08 Oct 2023 | 10:51 PM IST

Retail chain Shoppers Stop targets double-digit revenue growth in FY24: CEO

Calvin Klein in India, are also doubling down on smaller cities to tap the growing middle class

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Updated On : 27 Apr 2023 | 6:21 PM IST

Shoppers Stop's consolidated net profit at Rs 14.26 cr in March quarter

Retail chain Shoppers Stop Ltd on Wednesday reported a consolidated net profit of Rs 14.26 crore for the fourth quarter ended March 31, 2023. The company had posted a net loss of Rs 15 crore for January-March period a year ago, Shoppers Stop said in a regulatory filing. Revenue from operations was at Rs 923.90 crore during the period under review as against Rs 713.34 crore in the corresponding quarter of the previous fiscal. Total expenses were at Rs 928.78 crore. In 2022-23, revenue from operations was Rs 4,022.13 crore. The company operates 98 department stores, 7 premium Home Stores, 142 specialty beauty stores of M.A.C, Este Lauder, Bobbi Brown, Clinique, Jo Malone, Too Faced, SS Beauty and 23 Airport doors. Shoppers Stop stock on Wednesday settled at Rs 617.70 on BSE, down 0.64 per cent from the previous close.

Shoppers Stop's consolidated net profit at Rs 14.26 cr in March quarter
Updated On : 26 Apr 2023 | 10:51 PM IST

D-Mart's revenue up by 20.1% to Rs 10,337.12 cr in quarter ending March

The Damani family-promoted retailer had reported a revenue of Rs 8,606.09 crore in the January-March quarter last fiscal, said a regulatory filing from Avenue Supermarts

D-Mart's revenue up by 20.1% to Rs 10,337.12 cr in quarter ending March
Updated On : 06 Apr 2023 | 11:19 PM IST

Amazon to delist Appario as seller, renews Frontizo JV for 3 years

The development comes at a time when Cloudtail, once the largest seller on Amazon's India marketplace, shut operations on the e-commerce platform as a seller this year amid regulatory pressure

Amazon to delist Appario as seller, renews Frontizo JV for 3 years
Updated On : 31 Oct 2022 | 11:25 PM IST

Subprime borrowers must keep credit utilisation ratio under check

They must also avoid applying for too many loans within a short span

Subprime borrowers must keep credit utilisation ratio under check
Updated On : 25 Oct 2022 | 5:21 PM IST

Electronics Mart IPO subscribed 1.7x on Day-1 on retail, QIB interest

The firm is looking to raise Rs 500 crore from the IPO to fuel its store and warehouse expansion plan

Electronics Mart IPO subscribed 1.7x on Day-1 on retail, QIB interest
Updated On : 04 Oct 2022 | 5:36 PM IST

Shoppers Stop Q1 net profit at Rs 22.83 cr, sales up to Rs 948.44 cr

The company had posted a net loss of Rs 104.89 crore in the April-June quarter a year ago, said Shoppers Stop in a regulatory filing.

Shoppers Stop Q1 net profit at Rs 22.83 cr, sales up to Rs 948.44 cr
Updated On : 26 Jul 2022 | 7:34 PM IST

Amazon letter accuses Future group of fraud, seeks forensic audit

E-commerce giant writes letter to retail chain's independent directors, seeks independent probe of dealings with RIL

Amazon letter accuses Future group of fraud, seeks forensic audit
Updated On : 06 Jul 2022 | 11:59 PM IST

German retailer Metro looking to sell India operations for $1.75 bn: Report

The German retailer operates 31 cash-and-carry stores across India

German retailer Metro looking to sell India operations for $1.75 bn: Report
Updated On : 20 May 2022 | 12:14 PM IST

RIL's massive cash chest to help take on PE suitors for Boots retail chain

Has already acquired online medicine seller NetMeds in India; Boots deal will help it launch NetMeds overseas, bring offline retail chain to India, say analysts

RIL's massive cash chest to help take on PE suitors for Boots retail chain
Updated On : 18 Apr 2022 | 11:45 PM IST

Shoppers Stop Q2 net loss at Rs 3.68 cr; sales up two-fold to Rs 642 cr

Retail chain Shoppers Stop Ltd on Wednesday reported narrowing of its consolidated net loss to Rs 3.68 crore for the September quarter, helped by a comeback in sales. The company had posted a net loss of Rs 97.70 crore in the July-September period a year ago, Shoppers Stop said in a regulatory filing. Revenue from operations rose over two-fold to Rs 642.07 crore from Rs 296.98 crore in the corresponding quarter of the previous fiscal. Total expenses were at Rs 714.25 crore, up 45.06 per cent from Rs 492.36 crore earlier. Shoppers Stop MD & CEO Venu Nair said, "The demand postponement triggered by the second wave of the pandemic witnessed a strong comeback in Q2." "While July was muted with multiple lockdowns and Maharashtra completely closed, August and September witnessed a sharp recovery. Our sales more than doubled and EBITDA quadrupled against last year," he noted. Moreover, the festive sales have been extremely reassuring, he said, adding sales recovered more than 100 per ..

Shoppers Stop Q2 net loss at Rs 3.68 cr; sales up two-fold to Rs 642 cr
Updated On : 21 Oct 2021 | 9:36 AM IST

D-Mart Q2 consolidated net profit increases twofold to Rs 417 crore

Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, on Saturday reported a twofold increase in its consolidated net profit to Rs 417.76 crore for the second quarter ended September

D-Mart Q2 consolidated net profit increases twofold to Rs 417 crore
Updated On : 17 Oct 2021 | 3:08 PM IST

Reliance Retail Ventures brings 7-Eleven to India after Future exit

First convenience store set to open tomorrow in Andheri East

Reliance Retail Ventures brings 7-Eleven to India after Future exit
Updated On : 08 Oct 2021 | 1:33 AM IST

Big Bazaar's online bet clicks as platform hits 50,000 orders a day

With this, it has achieved half its initial target within two months

Big Bazaar's online bet clicks as platform hits 50,000 orders a day
Updated On : 12 Jun 2021 | 12:42 AM IST