Store One Retail

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Store One Retail to shut retail operations, focus on wholesale

Store One Retail India announced a loss of Rs 8.6 crore for the June quarter (Q1) and appears to have got tired of waiting for its retail business to turn profitable. Its loss comes on the back of a Rs 35 crore loss in 2010-11 and a loss of Rs 51.2 crore in the year before that.

The company operates retail stores in Nagpur and Pune which are multi-brand outlets, selling apparel and accessories. In 2010-11, its turnover was Rs 3.2 crore.

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