High apparel prices, new stores having negative impact: Shoppers Stop
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.
