Trent Ltd looks to max­imise prof­its

Apparel - - Global Threads -

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.

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