Page 3 - Shoppers Stop

Shoppers Stop settles nearly 5% higher on strong Dec quarter numbers

Shares of Shoppers Stop defied the broader market trend and settled for the day nearly five per cent higher on Friday after the retail chain posted strong earnings for the December 2021 quarter.

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Bandhan Bank, HDFC Life, Hindustan Zinc, Voda Idea, Inox Leisure, JSW Steel, Kajaria Ceramics, L&T Fin Holdings, PVR, Reliance Industries, SBI Life and Supriya Lifescience to announce results today

Shoppers Stop Q3 net profit at Rs 77.32 cr; sales up 33.82% at Rs 95,811 cr

Retail chain Shoppers Stop Ltd on Thursday reported a consolidated net profit of Rs 77.32 crore for the third quarter ended December 2021. The company had posted a net loss of Rs 25.11 crore in the October-December quarter a year ago, said Shoppers Stop in a regulatory filing. Its revenue from operations was up 33.82 per cent at Rs 958.11 crore during the period under review as against Rs 715.97 crore in the corresponding quarter of the previous fiscal. According to the company, it has returned to "profitability with a zero net debt. Shoppers Stop total expenses were at Rs 905.14 crore, up 16.23 per cent in Q3/FY 2021-22, as against Rs 778.78 crore. Shoppers Stop MD & CEO Venu Nair said: "We are witnessing positive signs from a strategy that we initiated in the last 2 years. As the fashion and beauty retail is seeing encouraging early trends from the Wardrobe Reboot, we are rightly poised to capture the pent-up demand." Customer sentiments are extremely positive owing to the ...

Shoppers Stop surges 20% on strong operational performance in Q2

The company said it witnessed a strong recovery in demand after the second wave across the formats, with sales moving swiftly close to pre-pandemic levels in August and September

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 ties up with Accenture for digital commerce transformation

Shoppers Stop has collaborated with global IT and professional services company Accenture to accelerate its digital commerce transformation across retail channels, a joint statement said on Tuesday.

Shoppers Stop shares surge 6% as Co sells Crossword Bookstore for Rs 42 cr

Shoppers Stop shall divest 51 percent stake (expected to be completed within 15 days) and another 39 percent in the next 12 months

Shoppers Stop sells Crossword Bookstores at Rs 41.62 cr valuation

Retail chain Shoppers Stop on Tuesday said it has closed the sale of a controlling stake in its wholly-owned subsidiary Crossword Bookstores at a gross business valuation of Rs 41.62 crore. The stake in Crossword Bookstores is being sold to the owners of Agarwal Business House (ABH), Pune -- Dinesh Gupta, Aakash Gupta and Family, Shoppers Stop said in a regulatory filing. Subject to receipt of necessary consents, Shoppers Stop shall divest 51 per cent stake, that is expected to be completed within 15 days, and another 39 per cent stake will be divested in the next 12 months, it added. "The business of Crossword Bookstores is valued at Rs 41.6 crore. Under the agreement, ABH will take over all the assets and brand. Any liabilities will be adjusted for arriving at the final consideration," Shoppers Stop said. The sale of the Crossword Bookstores is consistent with the company's strategic plans, which is to focus on its core business and expand its strategic pillars viz, First Citizen

Shoppers Stop Q4 net loss narrows to Rs 24 cr; total income declines 3.7%

Department store chain Shoppers Stop narrowed its consolidated net loss to Rs 24 crore in the January to March quarter (Q4 FY21) as compared to a net loss of Rs 127 crore in Q4 FY20.

Aditya Birla Fashion shakes up India's Rs 1.45-trillion ethnic wear market

Aditya Birla Fashion, which has acquired Sabyasachi, Tarun Tahiliani, and Shantanu & Nikhil brands in recent transactions, proposes to take these names to a wider audience

Retailers push the discount pedal on R-Day, offer rebates of up to 60%

Most categories looking to capitalise on out-of-home momentum

Shoppers Stop to raise Rs 300 cr via rights, issue open Nov 27-Dec 11

Existing investors holding 70 shares can apply for 17 new shares at Rs 140 apiece

Stock tips by Nilesh Jain of Anand Rathi: Buy Radico Khaitan, Shoppers Stop

The stock of Radico Khaitan has found the support of its rising trend line and has also formed a reversal candle on the daily chart

Avenue Supermarts, V-Mart, Trent: Strategies for retail sector stocks

The overall trend for most stocks in the retail segment looks promising from a medium-term perspective. Here are the key levels you need to keep a tab on for front-line stocks

Offline retailers keep off Freedom sales amid lockdown, muted sentiment

Croma, Reliance Digital buck trend, but mood remains sombre

Shoppers Stop MD Rajiv Suri puts in papers amid Covid-19 challenges

Company to be managed by CXO committee in interim period

Shoppers' Stop stares at FY21 loss on lower footfall, higher costs

The FY21 cut was prompted by indications that the June quarter has been a complete wash out and the outlook in the coming quarters will be weak given the economic downturn

Shopper Stop posts net loss of Rs 127 cr in Q4FY20; shares slip 5%

Revenue from operations declined to Rs 724.38 crore during the period under review from Rs 812.65 crore in the same period of 2018-19

Shoppers Stop inks pact with Telangana to set up apparel-making unit

The MoU was signed by ITand industries principal secretary Jayesh Ranjan and Shoppers Stop managing director and CEO Rajiv Suri

Shoppers Stop launches two more store formats after premium rejig

The luxury stores, for instance, will sit at the top and will be located in affluent areas of a city