India Retail News and Research
India’s Leading Lifestyle Retailer, Shoppers Stop’s same store sales growth remained muted at just 5%, despite of an extended sale season. Overall sales growth for the departmental store format was higher at 17% due to 11 new stores opened within the last one year.
Apparel Vs Non ApparelsApparels contributed 61.2% to total departmental store sales (flat YoY)—Men’s wear contributed 32.2%; good growth in sports formal (more…)
Shoppers Stop is the largest department store chain in India. The company also has a 51% stake in Hypercity, a hypermarket format. We’d like to review the performance in the past quarter and outlook going forward.
Trends in July and August were similar to those seen in Q1. However, September has been better than expected. Hopeful that the festive season will see some traction. Should have visibility starting mid October. What we have noticed is due to the slowdown, breakeven for new (more…)
India’s Retail Sector Pioneer, Kishore Biyani has undertaken yet another change in strategy on the advise of Lowe Lintas by converting Central Mall to Departmental Store. It will now have smaller boutique like spaces with its existing large sized stores as well and focus on its own private labels which offer higher margins. To get the feel of how the first store looks like, one can visit the Bridage’s Orion Mall in Bengaluru.
What Promoted the Change in Future Group ?
It appears that their customers were confused about what Central (more…)
Shoppers Stop, India’s premium Departmental Store chain reported sales growth of 15.0% YoY to INR7.08bn. East and North India contributed 15% & 13% sales growth while South contributed mere 2% and West witnessed a 10% decline primarily due to cannibalization in Mumbai and Pune and a delayed marriage season.
Shoppers Stop Apparels vs Non-Apparel Sales
Apparels contribute 57.7% to total departmental store sales. Menswear contributes (more…)