Fashion firms feel slowdown pangs for second straight quarter; sales down

Same-store sales growth down to 2-7% in Q1, lower than 3-9% reported in Q4

For the second quarter in a row, the country’s top fashion retailers are feeling the slowdown pangs, much like their counterparts in food services. 

Chains such as Brand Factory, Pantaloons, Shoppers Stop, Central and V-Mart have all reported same-store sales growth (SSG) in the region of 2-7 per cent in the June quarter (Q1). This is lower than the 3-9 per cent SSG range seen in Q4 of the last financial year.

The only exception here is Westside from Trent, which has seen double-digit SSG (12 per cent) in Q1, the highest in six quarters. SSG is sales growth of stores that