Shoppers Stop: A weak private-label portfolio, scant online

Shoppers Stop: A weak private-label portfolio, scant online presence: what's hurting Shoppers Stop's recovery


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Synopsis
Private brands are the holy grail for department-store chains as they fetch higher margins. Shoppers Stop's revenue has one of the lowest contributions from private labels. Trent gets 99% of its sales from them. As footfalls decline and fashion e-tailers rise, Venugopal Nair, former top executive at Marks & Spencer India and Trent, has been called to save the day.
We may all be close to getting a vaccine. But what is gone is gone. The damage from the pandemic to India’s organised retail is evident. The numbers of the three listed retail companies for the June 2020 quarter will tell you. Shoppers Stop revenues for the quarter plunged 94%, Trent’s (Westside) dipped 70%, and Aditya Birla Fashion and Retail (Pantaloons) saw an 83% fall. The shock took down stock prices as well. While Trent is closer to a

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India , Trent Westside , , Aditya Birla Fashion , இந்தியா , ட்ரெண்ட் மேற்குப்பகுதி ,

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