Shoppers Stop eyes turnaround after closure of unprofitable stores
Posts 4-crore net loss in Q1 FY-1824-08-2017
24-08-2017
Further Clarifies of News Item
With reference to news in www.economictimes.com dated August 23, 2017 quoting "Shoper stop will sell Food, Books online also", Shoppers Stop Ltd has submitted to BSE a copy of further Clarification is enclosed.24-08-2017
Clarifies on News Item
With reference to news in www.economictimes.com dated August 23, 2017 quoting "Shoper stop will sell Food, Books online also", Shoppers Stop Ltd has submitted to BSE a copy of Clarification is enclosed.24-08-2017
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...23-08-2017
Clarification sought from Shoppers Stop Ltd
The Exchange has sought clarification from Shoppers Stop Ltd on August 23, 2017 with reference to news in www.economictimes.com dated August 23, 2017 quoting "Shoper stop will sell Food, Books online also"The reply is awaited.23-08-2017
Analyst / Investor Meet Intimation
Dear Sirs, Pursuant to Regulation 30 read with Para A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that the official of the Company will be attending Edelweiss overseas conference scheduled to be held on August 22 to 24, 2017. Note: The above schedule is subject to change depending upon exigencies of the Analysts/ Fund/ Institutional Investors/ Brokers....18-08-2017
Updates
Dear Sirs, Pursuant to provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please be informed that with effect from today, the Company has closed 'Shoppers Stop' store at Shyamala Towers Chennai, due to lower than expected businesses and its low profitability. During the last financial year, sales from this store was 0.35% of the turnover of the Company....16-08-2017
Updates
Pursuant to provisions of Regulation 47(1)(b) of the SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015, enclosed please find herewith the un-audited financial results for the first quarter ended on June 30, 2017 published in the following Newspapers: 1. The Free Press Journal, on July 29, 2017 and 2. Navshakti, on July 29, 2017. We request you to kindly take the same on record.31-07-2017
Disclosure of Voting results of AGM (Regulation 44(3) of SEBI (LODR) Regulations, 2015)
Shoppers Stop Ltd has informed BSE regarding the details of Voting results of AGM, under Regulation 44(3) of SEBI (LODR) Regulations, 2015. Kindly Click here29-07-2017