MoneyWorks4Me

Shoppers Stop shuts two stores in Maharashtra

11 Nov 2016 Evaluate

Shoppers Stop has closed “Shoppers Stop” stores at Inorbit Mall-Pune and Nirmal Lifestyle-Mulund, due to lower than expected businesses and its low profitability.

During the last financial year, sales from Inorbit Mall-Pune was Rs 2,491.20 lakh which is 0.66% of the turnover of the company and sales from Nirmal Lifestyle - Mulund was Rs 1,667.90 lakh which is 0.44% of the turnover of the company.

With these closures, the company has now 81 “Shoppers Stop” (including six airport stores) stores under its operations.

Peers
Company Name CMP
Avenue Supermarts 3612.10
Trent 2585.45
Vishal Mega Mart 99.15
PN Gadgil Jewellers 577.10
Aditya Birla Life 74.41
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