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Indian retailer Shoppers Stop’s Q4 2009 sales down 10% to £ 825

Shoppers Stop Limited, an Indian department store chain, saw sales fall 9.9% in the fourth quarter, ending March 31, 2021, to Rs 82.53 billion. On the other hand, the previous year. The company’s EBITDA rose to 10.5 chlores in the fourth quarter of 2009 (4th quarter of 2008: loss of 16.7 chlores).

“The business recovery by mid-March was very encouraging, but we witnessed a decline in footfalls leading to lower sales due to the surge in Covid cases,” said Shoppers Stop Limited’s Customer Care Associate and Money. Venu Nair, Jing Director and Chief Executive Officer, said in a press release.

“Our omni-channel increased by 188% (3x), private label volume increased by 38%, and beauty outperformed with the start of make-up in mid-January,” Nair added. I did.

“Our success in private label transformation and innovation continues to pay off. During the quarter, we launched performancewear and athleisure brands Altlife and Insense in the women’s pajamas category. Product quality. Not only improved, but also significantly improved the fashion index related to the latest trends. Simplified the price matrix. Our customers go to provide great fashion and quality at an affordable price. We are aware of the improvements we have made, “Nair said in the release.

Fiber2Fashion News Desk (JL)

Shoppers Stop Limited, an Indian department store chain, saw sales fall 9.9% in the fourth quarter, ending March 31, 2021, to Rs 82.53 billion. On the other hand, the previous year. The company’s EBITDA rose to 10.5 chlores in the fourth quarter of 2009 (4th quarter of 2008: loss of 16.7 chlores).



Indian retailer Shoppers Stop’s Q4 2009 sales down 10% to £ 825

Source link Indian retailer Shoppers Stop’s Q4 2009 sales down 10% to £ 825

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