Shopper's Stop retail turnover rises 38% for Q4FY07
02 May '07
3 min read
Mr. B. S. Nagesh, Customer Care Associate, Managing Director of Shopper's Stop Ltd, said “In the current year we saw many new initiatives which will increase our share of the consumer's buy basket."
These new initiatives have been launched through our associate company HyperCity Retail (India) Ltd, joint ventures like Nuance Group (India) Pvt Ltd and Timezone Entertainment Pvt Ltd , and franchises like Mothercare , Argos, MAC and launch of F&B brands like Brio and Desi Cafe.
Mr. Govind Shrikhande, Customer Care Associate, C.E.O. of Shopper's Stop Ltd said “We are very pleased with the performance of Shoppers Stop department stores where we have seen a very healthy growth in revenues and operating profits which have shown a growth of 33% and 36% respectively." Shrinkage has been maintained below 0.5% levels, which is lower than the international benchmark.
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