Trent Ltd looks to maximise profits
Tata group firm Trent Ltd., which formed a venture for multi-brand retail with Tesco, is contemplating launching different formats, including mid-sized stores, for ‘Star Bazaar’ to achieve profitability faster.
“We are evaluating other formats. We opened a smaller format called Star Daily in Pune, a convenience store that is doing very well. We plan to launch a second such store shortly,” Trent Chairman Noel Tata said in an interview to the group in-house magazine ‘Tata Review.’ He added that he believes such mid-sized stores help achieve profitability faster.
Currently, Star Bazaar has 12 hypermarket stores, each spread over 40,000-80,000 square feet. Trent Hypermarket Ltd (THL) operates the Star Bazaar retail business in India.