Shoppers Stop is planning to add more than 20 stores across large and small formats in FY22. Its store expansion was deferred due to the Covid impact in FY21. Shoppers Stop’s consolidated net loss narrowed for the fourth quarter ended March 2021. The company had posted a net loss of Rs 127.22 crore in the January-March quarter a year ago. The firm’s total income declined 3.7% to Rs 704.70 crore during the period under review as against Rs 731.76 crore in the corresponding quarter of the previous fiscal. Business recovery till Mid-March had been very encouraging. However, with the surge in Covid cases, Shoppers Stop witnessed a drop in footfall resulting in a drop in revenue. Shoppers Stop said in a post-earnings statement. Venu Nair, Managing Director & CEO said, “Business recovery till Mid-March had been very encouraging. However, with the surge in Covid cases, we witnessed a drop in footfall resulting in a drop in revenue. Despite the covid impact, we had our strong performance in all our strategic pillars. Our Omnichannel grew by 188% (3 times), private brands volume grew by 38%, beauty outperforming with the start of make-up from mid-January.”