Retail in Asia

In Shops

Falling rupee to make imported items dearer, says Shoppers Stop

Shoppers Stop, the K Raheja promoted departmental store chain, is anticipating 5-7 percent growth in same-store-sales (SSS) this year, even as the rupee-dollar imbalance threatens to put a pressure on prices of merchandise, especially that of imported category.

Govind Shrikhande, Customer Care Associate and Managing Director of Shoppers Stop Limited, said the weakening of rupee against dollar is likely to put pressure on prices of imported accessories like cosmetic items, perfume and watches among other items that would become more expensive. The Indian rupee value has fallen over 20 percent against the dollar in last one year.

However, on the apparel side things could be different, since majority of apparels are sourced locally and also the company has slashed apparel prices by 5 percent in the private label category.