Shoppers Stop expects weak rupee to hit sales

22 Dec 2011 Evaluate

Shoppers Stop is expecting rupee depreciation to bring down sales in its non-apparel segment by 10-15 percent from February. Since a weak rupee will increase the cost of imported accessories. Also, the company is expecting the sales growth to fall to 6 -7 percent in October-March due to the economic slowdown.

Besides, Shoppers Stop has opened one HomeStop store at R City Mall, Ghatkopar in Mumbai. Following the opening of this store, the company has now 10 HomeStop stores under its operation.

Shoppers Stop is engaged in the retailing business. It runs a chain of departmental stores with brands including Shopper’s Stop, Home Stop, Crossword, Cafes and Restaurants etc.

Shoppers Stop Share Price

644.80 -3.35 (-0.52%)
20-Dec-2024 16:59 View Price Chart
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Company Name CMP
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