Eyre Square, Galway’s leading shopping centre, is due to be brought to the market by Colliers. Developed by McInerneys in 1991, it remains the city’s premier retail destination comprising over 70 retail units and kiosks attracting approx. 270,000 visitors a week.
Private entities involved in organising beauty pageants and other business activities by illegally using the brand name Khadi of Khadi and Village Industries Commission (KVIC) have been restrained by the Delhi High Court from carrying out any misleading activities in the name of Khadi. The Noida-based Khadi Design Council of India (KDCI) and Miss India Khadi Foundation (MIKF) were accused by the KVIC of fraudulently using the brand name and deceiving people. In an ex-parte order, the high court said the names of the two entities were deceptively similar to the KVIC s trademark Khadi and hence, amounted to violation of the trademark.
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.