Shoppers Stop’s Same-Store Sales Growth Slows in Q2
The Indian department store chain reported slower second-quarter same-store sales growth, attributing weaker store traffic to a later-than-usual festive season. Its shares fell more than 5%.
Shoppers Stop, an Indian department store chain, reported slower same-store sales growth in the second quarter on Friday. A later-than-usual festive season dampened store traffic, and the shares fell more than 5%. The exchange rate was $1 = 94.9500 Indian rupees.