High apparel prices, new stores having negative impact: Shoppers Stop
Published On: February 1, 2012 | Duration: 6 min, 37 sec
Govind Shrikhande, MD of Shoppers Stop spoke about the company's Q3 results. He said that although they saw a 18 per cent volume growth in their new project - Hypercity, high apparel prices are impacting volume growth while new stores are negatively affecting profitability. He further expects a margin expansion of 30-40 bps on sequential basis.
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