A joint venture between Tata group and UK based Tesco; Trent Hypermarket launched its first Star hypermarket store in Hyderabad. Star Hyper is spread over 22,000 square ft. and it has been set up in Hyderabad’s IT hub Gachibowli area. The retailer is planning to set up 200 stores in the next two to three years and currently has 45 stores across India. This expansion is planned for Mumbai, Pune, Hyderabad and Bengaluru.
“We are looking to expand to 200 stores from the present 45 stores in the next two to three years, of which 50 stores would be located in Hyderabad. Hyderabad is the second southern market that we have ventured into after Bengaluru. It is in line with our strategy to focus and expand in strategic markets. We see huge potential in Hyderabad and we are aiming to set up 50 stores over the next two to three years. We have been growing at 25 to 30 percent Y-O-Y and with sector looking positive, we are focusing on increasing our store count,” said Jamshed Daboo, MD of Trent Hypermarket.
According to MD of Trent Hypermarket, the majority of its upcoming stores would be in the 8,000 to 10,000 sq ft category which would approximately cost about Rs 3 to 4 crore per store. “Majority of our upcoming stores would be in the 8,000-10,000 sq. ft. segment under which Star Market operates and will be our growth driver. This segment requires lesser space and helps us to stay in city hotspots, closer to the customer.” Daboo said.
The company is also planning to build its own distribution centre on about 70,000 sq ft in Hyderabad and will invest up to 25 crores in the centre. It already has two other distribution centres in Bengaluru and Mumbai-Pune regions.
June 28, 2017