New Delhi: Retail chain Shoppers Stop on Tuesday reported a consolidated net loss of Rs 20.59 crore in the second quarter ended September 30, 2024 on account of muted demand. The company had posted a net profit of Rs 2.73 crore in the July-September period a year ago, according to a regulatory filing from Shoppers…
Representative Image Encouraged by the runaway success of its apparel brand Zudio, which marries style with low price, Tata Group company Trent has now launched Zudio Beauty. The first store has opened in Bengaluru and Trent is planning to add more in top cities such as Gurugram, Pune and Hyderabad. Zudio Beauty is part of…
New Delhi: Noel Tata-led Trent is launching its value fashion brand Zudio in Dubai next month, the retailer’s maiden attempt to enter the overseas market to cash in on the large Indian diaspora. The first Zudio store in Dubai will be located in Silicon Oasis Mall. The Zudio format now contributes more than a third…
Jiten Mahendra Omni-channel fashion and lifestyle retailer Shoppers Stop has appointed Jiten Mahendra as its new chief marketing and communication officer and customer care associate. He confirmed the news in a LinkedIn post. Mahendra posted, “I’m happy to share that I’m starting a new position as a customer care associate and chief marketing officer at…
Indian clothing retailer Arvind posted a 40% fall in its first-quarter profit, as inflationary pressures weighed on consumer spending on apparels despite discounts. The company, which sells international brands like Tommy Hilfiger, Arrow and Calvin Klein, said its consolidated net profit fell to 393.1 million rupees ($4.7 million) from 658.7 million rupees a year earlier….
The biggest wedding of the year may be over, but retailers including Shoppers Stop, Reliance Retail, Lifestyle and VMart bet on a flurry of nuptial celebrations in the second half of this fiscal to reverse their tepid sales growth and boost demand. There will be about 47 auspicious wedding dates in the second half, three…
New Delhi: Retail chain Shoppers Stop Ltd on Thursday reported a consolidated net loss of Rs 22.72 crore in the June 2024 quarter, hit by subdued consumption due to prolonged heat waves, elections and inflation. The company posted a consolidated net profit of Rs 14.49 crore in the corresponding period last fiscal, Shoppers Stop said…
New Delhi: Shoppers Stop‘s value fashion brand Intune has entered Delhi NCR with its first outlet in Elan Miracle Mall, Gurugram, the company said in a media release. Intune currently is competing with the likes of similar value formats such as Trent’s Zudio and Landmark’s Max Fashion. Earlier, Shoppers Stop shared that it is planning…
NEW DELHI: Shoppers Stop, India’s oldest department store chain, plans to enter luxury retailing with large-format standalone stores that will sell brands such as Gucci and Louis Vuitton, one person aware of the company’s plans told ET. The new format will also house the Aditya Birla Group’s luxury store The Collective, the person said. The…
New Delhi: Multi-brand fashion retailer Shopper Stop plans to open 60 new stores under its affordable retail format INTUNE in the current fiscal, a top official has said. Through INTUNE, Shoppers Stop aims to capitalise on mass premium opportunities, disrupting India’s value fashion landscape, according to the latest annual report of the K Raheja Corp…
