MoneyWorks4Me

Shoppers Stop closes HomeStop store in Vashi

02 Dec 2019 Evaluate

Shoppers Stop has closed its HomeStop store located at Vashi, Navi Mumbai due to lower than expected business and its low profitability. The sales from this store for the last financial year 2018-19 was Rs 8.9 crore constituting 0.2% of the turnover of the company as on March 31,2019. With the closure of this store, the company has now 11 HomeStop stores under its operations.

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.

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