Retail Chains

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

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

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

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

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.

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

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

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

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

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.

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

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

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

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 ..

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

First convenience store set to open tomorrow in Andheri East

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

Sales at stores opened at least a year rose 6.4%

'We've been on the pumps, we've been stocking the shelves', say Mohsin and Zuber Issa.