During the last financial year, sales from Inorbit Mall-Pune was Rs. 24.91 crore which is 0.66% of the turnover of the Company and sales from Nirmal Lifestyle - Mulund was Rs. 1,6.67 crore which is 0.44% of the turnover of the Company.
With these closures, the Company has now 81 “Shoppers Stop” (including six airport stores) stores under its operations.
And also, inform that our 51% Subsidiary Company; Hypercity Retail (India); has closed “Hypercity” store at Inorbit Mall-Pune due to lower than expected business and its low profitability. The sale from this store for the last financial year was Rs. 13.27 crore which is 1.40% of the turnover of the Hypercity. With the closing of this store, there are now 19 ‘Hypercity' stores.