Mumbai, Jan. 5 -- The quarter witnessed a shift in sales owing to a larger share of Durga Puja festivities falling in Q2 in the current year, compared with the previous year.
Same-store sales growth (SSSG) remained flat during the quarter, with V-Mart reporting nil growth, while Unlimited, the fashion retail chain acquired from Arvind Fashions in 2021, recorded a 2% increase.
During the quarter, the company opened 23 and closed 2 stores. This brings year-to-date (YTD) additions to 63 and closures to 6, resulting in a total operating portfolio of 554 stores as at Q3 end.
The 23 new stores include 5 stores in Uttar Pradesh, 4 stores in Gujarat, 3 stores Bihar, 2 stores each in Haryana, Madhya Pradesh & Tamil Nadu, and 1 store each in Del...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.