Trent Hypermarket, a joint venture between Tata and British retailer Tesco, plans to open 50 retail stores in Hyderabad in the next 2-3 years apart from setting up a distribution centre, said a top company executive.
The expansion is part of the 200 stores planned for Mumbai, Pune, Hyderabad and Bengaluru. The retailer currently has 45 stores across these cities.
Jamshed Daboo, Managing Director, Trent Hydermarket, said, "Majority of our upcoming stores would be in the 8000-10000 sq ft segment under which Star Market operates and will be our growth driver. This segment requires lesser space and helps us to stay in city hotspots, closer to the customer."
He added, "While a Star Market store entails an investment of Rs 3-4 crore, the distribution centre will see Rs 25 crore in investments. The company has identified a 70000 sq ft space for its distribution centre that will cater to the Hyderabad market. It already has two distribution centres that cater to Mumbai-Pune and Bengaluru stores."