MoneyWorks4Me

Shoppers Stop informs about store closure

02 Dec 2019 Evaluate

Pursuant to para B - Part A of the Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended and as per the Company’s Policy for determination of materiality of events/ information to be disclosed to Stock Exchange, Shoppers Stop has informed that the Company 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 Crores 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.  

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

Peers
Company Name CMP
Avenue Supermarts 3809.70
Trent 2597.40
Vishal Mega Mart 99.60
PN Gadgil Jewellers 581.90
Aditya Birla Life 74.43
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