Shoppers Stop has suffered from the slowdown in consumer purchases. But is it still a good buy?
The slowdown in consumer purchases has not spared Shoppers Stop. Same store sales grew at a meagre one per cent and volume de-growth of 4 per cent was illustrative of the tightening of discretionary spend, especially in the metros. The company’s Ebitda declined by an alarming 47 per cent (y-o-y). This, inspite of 14 new stores being
This article was originally published on November 22, 2012.
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