Indian textiles firm Trident reported a nearly 25 per cent drop in its third-quarter profit, hurt by a rise in expenses, even as consumers bought more home linen during the festive season. Trident, which counts cotton as its principal raw material, reported a 16 per cent increase in overall expenses for the quarter that ended 31 December with raw […]
Shoppers Stop on Thursday reported a fall of 41.2 per cent in consolidated net profit at Rs 36.85 crore in the third quarter (Q3) of the current fiscal year 2023-24 as against the net profit of Rs 62.74 crore in the previous fiscal’s same quarter, according to a BSE filing. However, the company’s total sales […]
Apparel Group, a global conglomerate focusing on fashion and lifestyle, has exclusively partnered with Shoppers Stop to extend the presence of Bath & Body Works in the Indian market. Shoppers Stop will host the first shop-in-shop for Bath & Body Works at the City Centre Mall in Salt Lake, Kolkata. Through its network of nearly […]
Shoppers Stop on Wednesday posted an 83.2 per cent fall in second-quarter profit as the department store was hit by rising expenses and weaker demand, with customers delaying purchases of clothes and cosmetics due to a late festive season. The festive season in India – which started in September last year – brings in the […]
Shoppers Stop’s Managing Director and Chief Executive Officer (CEO), Venugopal G. Nair, has submitted his resignation, effective from the close of business hours on 31 August 2023, citing personal reasons. The company officially announced his departure on Thursday. The board of directors has accepted Nair’s resignation, acknowledging his desire to dedicate more time to his […]
Shoppers Stop, India’s leading premier fashion and beauty omnichannel destination has named Kavindra Mishra as ‘Chief Commercial Officer for External Brands and CEO of Home Stop.’ Kavindra has more than 20 years of retail experience and comes from the House of Anita Dongre where he worked as Managing Director. An IIM-Bangalore alumnus, Kavindra had earlier […]
Shiseido Asia Pacific signed a strategic distribution partnership agreement with Global SS Beauty Brands Limited, a subsidiary of India’s leading premium fashion and beauty destination, Shoppers Stop, to expand its brand footprint in India. Through the partnership, Shiseido Group will officially launch its global make-up brand, NARS Cosmetics (“NARS,” headquartered in New York), in second […]
