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Popular Articles

'The services MFIs are bringing to their clients are amazing'
Sreelatha Menon / New Delhi October 27, 2009, 0:11 IST http://smallpersonalloans.org.uk

Corporate heads not in favour of religious profiling of staff
The database will be used to find out whether a company has a desirable social diversity.

News of the day

Karnataka second in average internet speed: Akamai
With an average internet connection speed of 1,100 Kbps for the second quarter of 2009, Karnataka has been ranked second in a study of the top 10 Indian states for their average connection speeds. The state has recorded a 32 per cent increase in the average connection speed over last year.
Public Company

Shopper's Stop private labels see marginal dip

Shopper’s Stop, the retail chain major, has seen a marginal dip in the sales of its private labels this year. Sensex ends up 35pts The company has around 10 private labels of which the prominent ones are Stop for western wear, Life, which is the men’s casual wear, Vettorio Fratini — premium men’s wear and Kashish for ethnic wear. Contribution of private labels to sales was 19 per cent last year and fell to 17 per cent ie around Rs 200 crore of the total department sales of Rs 1,200 crore. “We knew the recession would cause some slowdown in sales. The share of private labels has gone down a little this year. However, unlike other companies, our focus is on our brands rather than just private labels,” said Govind Shrikhande, customer care associate, president and CEO of Shopper’s Stop.


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