MoneyWorks4Me

Shoppers Stop informs about closure of store

04 May 2016 Evaluate

Shoppers Stop has informed that the Company has closed its HomeStop store at Manjeera Trinity Mall - Hyderabad, due to lower than expected business and its low profitability. The sale from this store for the last financial year was Rs 238.7 lacs, which is 0.6% of the turnover of the Company. With the closure of this store, the Company has now 17 ‘HomeStop’ stores under its operations.

The above information is a part of company’s filings submitted to BSE.

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Company Name CMP
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