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Offline retail revival depends on Covid vaccination coverage, says expert

Offline retail revival depends on Covid vaccination coverage, says expert
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United arab emiratesVenu nairIndian chamberShoppers stopஒன்றுபட்டது அரபு அமீரகங்கள்வேணு நாயர்இந்தியன் அறைகடைக்காரர்கள் நிறுத்து

Shoppers Stop Q4 net loss narrows to Rs 24 cr

On a consolidated basis, Shoppers Stop s net loss stood at Rs 24.10 crore in Q4 FY21 compared with net loss of Rs 127.22 crore in Q4 FY20. Net sales fell 6.1% to Rs 680.46 crore in Q4 FY21 as against Rs 724.38 crore in Q4 FY20. Pre-tax loss stood at Rs 24.24 crore in Q4 FY21 as against pre-tax loss of Rs 151.80 crore in Q4 FY20. The business rapidly recovered from the pandemic in Q4. The recovery in footfalls and sales had begun in Q3 vs preceding quarters and it continued in Q4. For the quarter, the firm had 90% of FY20 sales, the strongest recovery in the last 4 quarters. However, with the pandemic in India, taking a severe turn in the second half of March, the year has ended on a sombre note.

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Shoppers Stop Q4 net loss narrows to Rs 24 crore

Shoppers Stop Q4 net loss narrows to Rs 24 crore ANI | Updated: May 22, 2021 10:45 IST Mumbai (Maharashtra) [India], May 22 (ANI): Department store chain Shoppers Stop narrowed its consolidated net loss to Rs 24 crore in the January to March quarter (Q4 FY21) as compared to a net loss of Rs 127 crore in Q4 FY20. Total income declined by 3.7 per cent to Rs 705 crore as compared to Rs 732 crore in the corresponding quarter of previous fiscal. Expenses fell by nearly 17 per cent to Rs 729 crore in Q4 FY21 as against Rs 874 crore in the same period of previous year. The recovery in footfalls and sales began in Q3 versus preceding quarters and continued in Q4 with omni channel growing by 188 per cent, private brands volume by 38 per cent and beauty outperforming with the start of make-up from mid-January.

Venu nairShoppers stopAnaging director and ceo venu nairConsolidated net lossTotal incomeEcovery in footfallsSurge in covid casesவேணு நாயர்கடைக்காரர்கள் நிறுத்து

Shoppers Stop Q4 net loss narrows to Rs 24 cr; total income declines 3 7%

Results: Shoppers Stop Q4 net loss at Rs 24 10 crore

Results: Shoppers Stop Q4 net loss at Rs 24.10 crore Results: Shoppers Stop Q4 net loss at Rs 24.10 crore Retail chain Shoppers Stop Ltd on Friday said its consolidated net loss narrowed to Rs 24.10 crore for the fourth quarter ended March 2021. The company had posted a net loss of Rs 127.22 crore in the January-March quarter a year ago, Shoppers Stop said in a regulatory filing. Its total income declined 3.7 per cent to Rs 704.70 crore during the period under review as against Rs 731.76 crore in the corresponding quarter of the previous fiscal. Business recovery till Mid-March had been very encouraging. However, with the surge in COVID cases, we witnessed a drop in footfall resulting in a drop in revenue, Shoppers Stop MD & CEO Venu Nair said.

Venu nairShare of shoppers stop ltd onShoppers stop ltd onShoppers stop ltdShoppers stopவேணு நாயர்பகிர் ஆஃப் கடைக்காரர்கள் நிறுத்து லிமிடெட் ஆன்கடைக்காரர்கள் நிறுத்து லிமிடெட் ஆன்கடைக்காரர்கள் நிறுத்து லிமிடெட்கடைக்காரர்கள் நிறுத்து