Trent to invest Rs 500 cr in 4 years
The thrust will be on the western and southern regions of the country
August 04, 2011 | comments ( 0 ) |
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.
- Instant noodle brand YiPPee crosses Rs 1,000 crore sales mark
- Myntra CEO & CFO quit
- Levi Strauss plans to launch IPO
- Coffee Day Enterprises profit up by 60% in Q2 results
- Ecommerce to contribute 11% of FMCG sales by 2030: Nielsen
- Perpule Raises $4.7 million in Series A to Fuel Omni-Channel Retail & Consumer Commerce in India
- Kellogg plans to reorganize cookies and fruit snacks category
- India Post launches e-commerce portal
- Binny Bansal exits Flipkart
- Britannia Industries records profit in Q2