{"id":3703,"date":"2024-08-28T15:54:09","date_gmt":"2024-08-28T10:24:09","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=3703"},"modified":"2024-08-28T15:54:12","modified_gmt":"2024-08-28T10:24:12","slug":"shoppers-stop-shares-climb-nearly-5-after-partnership-with-max-factor","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/shoppers-stop-shares-climb-nearly-5-after-partnership-with-max-factor\/","title":{"rendered":"Shoppers Stop Shares Climb Nearly 5% After Partnership with Max Factor"},"content":{"rendered":"\n<p>Shares of Shoppers Stop rose nearly 5% on August 28 after the company said it has entered a strategic partnership with US-based Hollywood makeup brand Max Factor. The stock bounced back sharply after falling for four days in a row to an intraday high of Rs 819 per share on the NSE, up 4.23%.<\/p>\n\n\n\n<p>The partnership with Max Factor will also mark the brand&#8217;s foray into physical retail in India, courtesy of a tie-up between House of Beauty and Shoppers Stop. This would further use Shoppers Stop&#8217;s sprawling retail network to scale up Max Factor to 70 Shoppers Stop outlets by year-end across Delhi, Mumbai, Bengaluru, and Chennai.<\/p>\n\n\n\n<p>According to Biju Kassim, Chief Executive Officer, Beauty, Shoppers Stop, &#8220;This partnership is well poised to contribute meaningfully to the beauty retail landscape in India by building a beauty enthusiast community and ensuring sustainable growth for the industry in the long run.&#8221;.<\/p>\n\n\n\n<p>If we look at a longer time frame, in the last three years, Shoppers Stop stock has returned 235.08% against the rise of 46.04% in the Sensex. While this has been a positive development, the overall outlook nonetheless remains upbeat, with Shoppers Stop saying its consolidated net loss for the June 2024 quarter widened to Rs 22.72 crore, against a net profit of Rs 14.49 crore in the same quarter a year ago. It also added that consolidated revenue from operations rose to Rs 1,069.31 crore from Rs 993.61 crore on a year-over-year basis.<\/p>\n\n\n\n<p><em>Do&nbsp;you have a news tip for Lakshmishree reporters? Please email us at&nbsp;<\/em>media@lakshmishree.com<\/p>\n\n\n\n<p><sub><sup>Source:\u00a0<a href=\"https:\/\/www.moneycontrol.com\/news\/business\/markets\/shoppers-stop-shares-rise-nearly-5-after-tie-up-with-hollywood-makeup-brand-max-factor-12808788.html\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.moneycontrol.com\/news\/business\/markets\/shoppers-stop-shares-rise-nearly-5-after-tie-up-with-hollywood-makeup-brand-max-factor-12808788.html\" rel=\"noreferrer noopener\">Moneycontrol<\/a><\/sup><\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Shoppers Stop rose nearly 5% on August 28 after the company said it has entered a strategic partnership with US-based Hollywood makeup brand Max Factor. The stock bounced back sharply after falling for four days in a row to an intraday high of Rs 819 per share on the NSE, up 4.23%. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3704,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[300],"class_list":["post-3703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-shoppers-stop-partnership"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=3703"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3703\/revisions"}],"predecessor-version":[{"id":3705,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3703\/revisions\/3705"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/3704"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=3703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=3703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=3703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}