Shares of Trent Ltd. surged over 3% on March 26 after the company announced the expansion of its Westside retail chain with three new store openings across multiple cities. The Tata Group company’s stock was trading at ₹5,360 per share in the afternoon, marking gains for the second straight session.
In separate exchange filings, Trent confirmed the inauguration of three new Westside stores in Jaipur, Jodhpur, and Chennai. The Jaipur outlet, which became the brand’s 242nd store, covers 31,641 sq ft, while the 243rd store in Jodhpur spans 25,602 sq ft. The 244th store, launched in Chennai, occupies 26,000 sq ft.
“The new store embodies Westside’s vision of delivering an exceptional retail experience, offering contemporary fashion trends at great value. It is designed to provide a seamless shopping experience with well-organized displays that highlight the latest styles. With a distinctive approach to fashion, the brand refreshes its collection every three weeks on Friday,” the company stated in its filings.
Westside’s store network has expanded significantly from the 238 outlets it reported at the end of the December quarter of FY24. In its Q3 results announced in February, Trent revealed that it had added 14 new Westside stores and 62 Zudio outlets (including one in Dubai) across 46 cities. As of the end of the quarter, Zudio’s total store count stood at 635.
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Source: Moneycontrol.
