• Tata Trent to dou­ble West­side out­lets in 5 years

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Tata Group’s re­tail firm, Trent Ltd will open 30 new out­lets for the coun­try’s lead­ing re­tail fash­ion chain West­side dur­ing the cur­rent fi­nan­cial year, said a top com­pany of­fi­cial. This will be the big­gest West­side ex­pan­sion in a sin­gle year since in­cep­tion and the com­pany is plan­ning to con­tinue ex­pand­ing at this pace as it looks to dou­ble its store count to 250 stores over the next 5 years. Trent Ltd fin­ished the year strongly post­ing stand­alone net profit of Rs 12 crore (ap­prox $1.8 mil­lion) for the fourth quar­ter ended March 31, 2018. The rev­enue of the firm rose 18 per­cent to Rs 529 crore (ap­prox $79.3 mil­lion). Around half of the stores will be set up on the fran­chisee route while the bal­ance will be com­pany-owned. At present, just 2% of the West­side busi­ness is from third-party brands as com­pared to 22-23% seven years back with our in-house brands driv­ing growth.

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