Steady flow of footfalls has kept the registers ringing and delivered double-digit same-store-sales of 12.5% for Shoppers Stop in December quarter
Mumbai: Retail chain Shoppers Stop (SSL) reported a 11.4% decline in standalone net profit to Rs17.09 crore for the third quarter ended December 2012, reports PTI.
The company had posted standalone net profit of Rs19.29 crore in the corresponding quarter last fiscal.
Its gross retail turnover grew 20% at Rs685.3 crore for the quarter against Rs569.8 crore year-ago.
“This year, the festive season and marriage season came together in the third quarter which gave a boost to overall growth. The steady flow of footfalls has kept the registers ringing and delivered double-digit same-store-sales of 12.5%,” the company’s Customer Care Associate and Managing Director Govind Shrikhande said in a statement.
During the quarter SSL added one new Shoppers Stop store at Bengaluru, one Crossword store at Mumbai, and three MAC Stores at Gurgaon,
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