Page 4 - Shoppers Stop

Shoppers' Stop set for ratings upgrade on back of profitable private labels

What could enhance margins further is the higher share of the beauty segment, now a tenth of sales

Rajiv Suri made MD-CEO of Shoppers Stop following Shrikhande's departure

Retail major Shoppers Stop today said it has appointed Rajiv Suri as its Managing Director and Chief Executive Officer with immediate effect. The company, which announced resignation of its MD and long term associate Govind Shrikhande from the company, said Suri has been elevated from his current role as the CEO to the MD & CEO of the company to lead the next phase of expansion. "Shrikhande informed the Board of Directors of his decision to step down from his post from close of business hours of June 30, 2018," the company said in a statement. Suri was appointed as the CEO of the company in January this year. Shoppers Stop Promoter Chairman Chandru L Raheja also announced his retirement from the current position and handed over the reins to B S Nagesh, elevating him from his current role as non-executive vice chairman to the non-executive chairman of the company with immediate effect, the company added. Further, the company said Abanti Sankaranarayanan, an Independent Director of

Our catalogue will be on Amazon by June: Shoppers Stop MD, Shrikhande

From this quarter, 15 of Shoppers Stop stores have started supplying products as part of omnichannel

Shoppers Stop returns to core after divestments

Retailer plans growth through web and private labels

Shoppers Stop to exit airport retail

Shoppers Stop said it had disposed of 40% shareholding in Nuance Group India to The Nuance Group AG of Switzerland

Shoppers Stop to exit duty-free store business at airports by next quarter

Fashion and lifestyle retail major, Shoppers Stop is on the lookout for an immediate exit from its duty-free airport stores business, which it entered partnering with the Nuance Group AG in 2006.The company, in association with Switzerland based Nuance Group had formed the Nuance Group (India) Pvt. Ltd with Rs. 103.5 crore of paid-up capital and has stores in Mumbai and Bengaluru airports. However, Shoppers Stop, which previously had a 50 per cent stake in the joint-venture till March 31, 2017, has reduced the same to 40 per cent and currently is on the lookout to sell off its remaining stake."We are on the lookout to exit this business as soon as possible and hopefully in the coming quarter will be able to do so", Govind Shrikhande, the company's managing director told Business Standard.Although Shrikhande refused to provide further details when asked about the financial performance of this venture, the company's annual report states that it had incurred a Rs. 6.8 crore loss from ...

Shoppers Stop eyes 25% more profits in FY18

The company is expecting sales to grow in the forthcoming festival season

Shoppers Stop standalone net loss narrows to Rs 3.45 cr in Q1

Shares of Shoppers Stop were trading at Rs 348.50 on BSE

Shoppers Stop sells almost entire 5% in airport retail venture

Retail chain Shoppers Stop has sold almost its entire 5 per cent stake in airport retail venture Nuance Group Fashion & Luxury Duty Free Private for an undisclosed sum. "The company's shareholding in Nuance Group Fashion and Luxury Duty Free Private Ltd (NGFL) has been reduced from 5 per cent to 0.00035 per cent of the paid-up share capital of NGFL," Shoppers Stop said in a regulatory filing. Started in 2006, Nuance, through its joint venture with Shoppers Stop Ltd, has been present in the Indian travel retail market for over five years now. The company operates duty free shops at arrival and departure halls at the Bengaluru International Airport.

Shoppers Stop shuts two stores in Maharashtra

Lower than expected business and low profitability are the reasons

Shoppers Stop net loss narrows to Rs 13.56 crore

The company recorded 10% increase in net sales for the first quarter of FY17