Shrikhande

"Petrol prices are going up, interest rates are going up, and so is food inflation," Shopper's Stop Managing Director Govind Shrikhande said.

Inflation Damps India Retailers' Festival Sales Rumman Ahmed 2011

Shoppers Stop Ltd. Managing Director Govind Shrikhande said that the relaxing of rules is a good first step, but "I don't see a large number of foreign companies jumping into India right away."

India May Not See Large Retail Investments Soon Rumman Ahmed 2011

Shoppers Stop's Shrikhande, however, said that high interest rates wouldn't hit the supply of retail property in the immediate future as many under-construction shopping malls are due for delivery in 2011 and 2012.

India Retailers Not Seeing Signs of Slowing Demand Rumman Ahmed 2011

Shoppers Stop's Shrikhande expects same-store sales growth in the October-December period--the festival quarter--to be in line with its projection of 8%-9% for the fiscal year through March.

Inflation Damps India Retailers' Festival Sales Rumman Ahmed 2011

Mr. Shrikhande said the new stores will take about three quarters to contribute significantly to the company's top line.

Shoppers Stop Slides to Unexpected Loss Rumman Ahmed 2011

"I don't see a large number of foreign companies jumping into India right away," Managing Director Govind Shrikhande said.

Shoppers Stop: No Rush of Foreign Capital in Retail Rumman Ahmed of Dow Jones Newswires 2011

Shoppers Stop Managing Director Govind Shrikhande said Thursday he doesn't expect sales to slow this time unless "something else changes dramatically somewhere else," referring to fears of a double-dip global recession.

India Retailers Not Seeing Signs of Slowing Demand Rumman Ahmed 2011

"We are expanding steadily in metros as well as tier II cities, which is witnessing a consumption boom and has given us access to a growing number of customers," managing director Govind Shrikhande said in the statement.

Shoppers Stop Profit Drops 39% Dhanya Ann Thoppil 2011

Managing Director Govind Shrikhande said that Shoppers Stop saw a 5% drop in sales volumes from a year earlier as it was forced to raise prices by about 12%-15% to offset high raw material costs and a higher levy on branded apparel.

Shoppers Stop Slides to Unexpected Loss Rumman Ahmed 2011

The K Raheja group company has sought to increase the pay packages for its Managing Director B S Nagesh and CEO Govind Shrikhande to Rs 4 crore (Rs 40 million) and Rs 3 crore (Rs 30 million) respectively.

rediff.com 2009