Trent Hypermarket, a Tata enterprise, plans to invest about Rs 500 crore in the next three to four years and increase the number of its Star Bazaars across western and southern regions to more than 50.
"Currently, we have 12 stores across Gujarat, Maharashtra, Tamil Nadu and Karnataka, mainly in metros and large cities. Now, we plan to move into Tier-I and II towns and cities as well," Jamshed Daboo, CEO, said.
Retail outlets of Star Bazaars have, in the last three years, reported a growth of 20 per cent.
This year alone, Trent will add about 20 new stores. In Gujarat, it is scouting for commercial realty in towns such as Rajkot, Anand and Vadodara and will open the second outlet in Surat next year.