India's Shoppers Stop swings to quarterly loss on demand slowdown
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 18 2024
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Source: reuters
- Shoppers Stop Quarterly Performance: Shoppers Stop, an Indian department-store chain, reported a net loss for the first time in nine quarters due to high inflation affecting consumer spending on non-essential items like apparel and beauty products.
- Strategic Moves by Shoppers Stop: The retailer plans to close unviable stores but is focusing on expanding its fast-fashion brand, Intune, to attract young consumers and expects stronger demand during the festive season.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
